Wednesday, December 17, 2008

600 jobs cut at Sun Media

It is the second round of cutbacks at the company in two years, and may precede a broader shift at Sun Media to drive content online and save newsprint costs. The move comes as Quebecor's competitors, including CanWest Global Communications Corp. and CTVglobemedia Inc., have cut jobs in the face of an economic slowdown that is causing ad revenues to dry up.

"The speed at which the current economic environment is deteriorating forces us to make difficult decisions at this time of year," Mr. PĂ©ladeau said in a statement. The cuts were spread across the company and included management.

"The cuts are broad and they are deep," said Brad Honywill, president of the Communications, Energy and Paperworkers Union local that represents staff at the Toronto Sun. The flagship paper in the Sun chain was affected most with 27 full- and part-time jobs cut, he said.

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