Fallout from the BCE deal -- job losses

This was a concern raised during the BCE hearings -- and a real concern it seems. That said, Bell was in such shape that the job losses were perhaps inevitable.

Bell Canada to cut 2,500 jobs to lower operating costs ahead of takeover

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By The Canadian Press

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.

The changes announced Monday include a 30 per cent reduction in executive jobs revealed earlier this month. Together, the cuts will help save about $300 million in annual costs, Bell Canada parent BCE Inc. said in a release.

Full Story Here:

http://ca.news.yahoo.com/s/capress/080728/national/bell_canada_cuts