CBC cuts 800 jobs across Canada
The Canadian Press
MONTREAL — The cash-strapped CBC told employees today that it will be cutting 800 jobs in effort to save $171 million amid sinking advertising revenues.
Internal sources say CBC president Hubert Lacroix broke the news to staff at a town hall meeting in Montreal.
The plan is to cut 396 jobs in the English service, 336 on the French side, and 70 corporate service positions.
The public broadcaster also plans to sell $125 million in assets in a bid to balance its budget, workers were reportedly told.
In recent weeks, Lacroix has been warning of deep cuts to staff and programming to cope with a significant budget shortfall.
He has also said there will a salary freeze for top executives.