Quebecor Cuts 500 Jobs at Sun Media to Trim $45M in Costs
Posted: 11/13/2012 | By: The Canadian Press | CTV News
MONTREAL -- Quebecor Inc. is cutting some 500 jobs at its Sun Media
newspaper division, a move that includes the closure of two production
facilities in Ottawa and Kingston.
The downsizing is part of the Montreal-based media group's efforts to reduce annual costs by $45 million.
There had been earlier reports Quebecor (TSX:QBR.B) would eliminate the position of publisher at some newspapers.