Bell Canada to cut 2,500 jobs to lower operating costs ahead of takeover
The Canadian Press
July 28, 2008 - 10:01 a.m.
MONTREAL - Bell Canada (TSX:BCE) plans to cut 2,500 jobs, or six per cent of its workforce, as the telecom giant streamlines management to lower operating costs just ahead of its impending takeover by a private equity consortium.
Jack Layton’s pivotal complicity in these layoffs explained here
Monday, July 28, 2008
2500 layoffs brought to you by Jack Layton.......just in time for 2 Montreal by-elections
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6 comments:
So not only will Flaherty lose tax revenue due to the Teachers LBO, now he will lose income tax revenue from the 6% newly unemployed BCE staff. More unintended consequences? Or just more incompetence? Layton is just a duped fool who never really understood any of this. He got bad advice from a couple of forensic accountants and had his head so far up Tubby's behind he missed the smell of Lies and Betrayal.
The Canadian Press
NDP Using Every Tool To 'Put An End' To The Harper Government: Layton
July 28, 2008
OTTAWA — NDP Leader Jack Layton says his party has used every tool in the Parliamentary kit to put an end to Prime Minister Stephen Harper's government and will try again this fall.
Election speculation cooled over the weekend after Government House Leader Peter Van Loan said there will be no throne speech and few opportunities to bring down the minority Conservatives when Parliament resumes in late September.
Last week, Liberal Leader Stephane Dion hinted he might be prepared to pull the plug on the government.
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Where was Layton and his Dippers when Harper 'put an end' to income trusts and the future of seniors and retirees?
NDP Using Every Tool?
Jack Layton is a tool.
What was the Liberal reason for not pulling the plug on all 1583 chances they had?
Oh dear, methinks this has more to do with McGuinty's puppetmasters at the teacher unions buying BCE for their pension fund.
Joan Tintor said...
Oh dear, methinks this has more to do with McGuinty's puppetmasters at the teacher unions buying BCE for their pension fund.
JULY 28, 2008 2:31 PM
This whole process was set into motion by Our man in Ottawa---Chainsaw Jimmy--on the eve of Oct 31st 2006.
This stems from the fact that BCE was not allowed to become a trust by the Tax Fairness plan causing it`s immediate devaluation on the morning of Nov 1 2006.
This made BCE a target of a takeover by someone---the Teacher`s pension Fund just happened to be it.
So this was Jim Flaherty`s fault--it was backed-by Happy Jack layton all the way down the drain.
BCE being taken over in a highly debt ridden process caused the necessity to downsize somewhere & save some cash.
Jobs are usually the first to go.
McGuinty was not at fault---this was JImmy`s doing plain & simple.
Dr Mike Popovich.
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