Rogers is offering voluntary departure packages to 10,000 employees
“We are taking steps to adjust our cost structure to reflect the business realities of the current environment,” a Rogers spokesperson said in a statement
Rogers Communications Inc. has confirmed it is offering voluntary departure packages to 10,000 company employees, a move the telecom attributes to needing to reduce costs in response to slowed industry growth.
A spokesperson for Rogers confirmed to CTV News that buyout offers or retirement packages would extend to employees in its business units and corporate functions. According to the Financial Post, this number accounts for half of the company’s staff.
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“We are taking steps to adjust our cost structure to reflect the business realities of the current environment,” a Rogers spokesperson said in a statement. “As part of this, some teams have chosen to offer voluntary departure and retirement programs to give some employees the choice to decide whether they’d like to stay with the company or begin a new chapter.”
The company’s unionized workers are ineligible. On-air talent as well as Sportsnet staff and Maple Leaf Sports and Entertainment and Toronto Blue Jays personnel are also excluded.
Compared to last year, Rogers has reduced its capital expenditure plans by roughly 30 per cent.
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Carly Lewis is a journalist whose work has appeared in the New York Times and the New York Times Magazine, Vanity Fair, Wired, Interview Magazine, Pitchfork, Elle, and Maclean’s, where she is a contributing editor. Her work has been recognized by the National Magazine Awards and the Digital Publishing Awards. She reports on city life, culture—including what people do online—politics, art and crime. She received the Dave Greber Freelance Writers Award for “The Murder of Ashley Wadsworth,” an investigative feature about a Canadian teenager who was killed by a man she met on social media, published by Maclean’s.
