Thursday, February 19, 2009

Transcontinental slashes 10% of workforce

A clampdown on ad spending further jolted the media industry Wednesday, as Montreal-based publisher and printer Transcontinental Inc. slashed 10% of its North American workforce. ...

The company's Canadian media business, which publishes magazines and community newspapers, will eliminate 100 positions, with pink slips for Toronto-area workers starting yesterday morning.

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