Tuesday, December 5, 2023

CBC to lay off hundreds, cut production cost

 Facing diminishing advertising revenues and demands for budget cuts from the federal government, CBC/Radio-Canada announced Monday it would shed about 10 per cent of its work force and reduce production, in an effort to address a budget shortfall of $125-million in the next fiscal year.

Catherine Tait, the public broadcaster’s president and chief executive officer, said during a meeting with staff Monday afternoon that a total of 800 jobs, including 200 vacant positions, would be cut.

The broadcaster said in a news release that the CBC and Radio-Canada would each be losing 250 positions. The remaining 300, it said, would come from technology and infrastructure “and other corporate divisions.”

Some of the 600 union and non-union layoffs, it said, “will begin immediately,” with the rest to take effect over the next 12 months. (Globe and Mail)

No comments:

Blog Archive