Canwest to trim 5% of its workforce
13 Nov 2008
Canwest Global Communications Corp. said it would trim about 560 jobs, or about 5 percent of its workforce, over the next few months in an effort to trim operating costs by about $61 million CAD ($49 million U.S.).
Initially the media giant will manage reductions through voluntary buyouts and attrition. The cuts are expected to impact print and broadcast operations -- but not its digital