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CCR Short Takes

News | 10/26/2001 4:00 am EDT

CTV, Quebecor trim staff
CTV Inc. announced Oct. 18 that restructuring would result in the elimination of about 150 positions. Most of the positions are in Toronto, with almost 20% currently vacant due to a hiring freeze imposed in the summer, management said. Efficiencies are expected from the centralization and reorganization of administrative areas such as marketing, promotion, technical and management services, CTV said. CTV’s announcement of layoffs came just days after Quebecor Inc. eliminated another 125 jobs from its newspaper division, including shutting down the free commuter paper in Toronto, FYI. The layoffs come on the heels of debt-ladden Quebecor reducing its workforce by 5 percent about five months ago. The National Post, owned by CanWest Global Communications Corp., let go 130 of its newspaper employees in September.

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