04:05:33 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,274,545
Close 2024-02-09 C$ 50.52
Market Cap C$ 46,088,110,013
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Globe says BCE's job cuts seen as "eroding democracy"

2024-02-12 07:12 ET - In the News

The Globe and Mail reports in its Saturday edition that Prime Minister Justin Trudeau says Bell Media job cuts that will affect hundreds of journalists are a "garbage decision" by a corporation that should know better. The Globe's Ian Bailey writes that in a health-care-related news conference with Ontario Premier Doug Ford, Mr. Trudeau denounced what he called an erosion of quality local journalism at a time when people need it more than ever, particularly given the prevalence of misinformation and disinformation. "It's eroding our very democracy," Mr. Trudeau said. "I'm furious. This is a garbage decision." This week, Bell Media's parent company, BCE, announced it was cutting 9 per cent of its work force in a move that will affect 4,800 positions. BCE and Bell Media declined to comment on the Prime Minister's criticisms. Asked about the layoffs, federal Conservative Leader Pierre Poilievre changed the subject, saying that if his party comes to power, it would repeal the Online Streaming Act. Although less than 10 per cent of the total job cuts are at Bell Media specifically, the decision will lead to the end of multiple TV newscasts, programming cuts and the sale of 45 of its 103 regional radio stations.

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