Canada’s Bell Media has cut 210 jobs – half of these cuts have been in newsrooms, according to the media director at Unifor.
100 newsroom employees from various Bell Media stations, including some in Toronto, have been laid off, according to Howard Law, the Media Director at Unifor.
In an interview with INN24, Law said that the cuts will have a bad effect on the news industry. “It will affect how many stories can be covered in a day, providing less selection of stories.
“The small and middle size stations will feel it the most,” he said. Law explained that cuts in news organizations means “stories are going to get missed because there are fewer people to cover them”.
It is unclear how many Bell Media jobs are being cut across the country, as the company is yet to release the exact numbers.
When asked why he thinks the cuts are happening, Law explained that the company is “goosing the stock price,” which in simpler terms means that the company let go of these employees in an effort to “get attention from Bay Street”.
“Investors tend to like to see companies cut jobs,” Law stated. “The cuts happened the same week as the dividend was increased, and stock prices responded to it.”
Last week, famous newscaster Dan O’Toole was let go as part of the cuts. He co-hosted the popular TSN highlights show SportsCentre with Jay and Dan.
Another news organization that is losing staff is Channel 9 in Scarborough which Law says is “cutting quite a bit”.
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