"Rogers Communications Inc. confirmed it is offering voluntary buyouts to about 10,000 eligible employees, stating, 'We are taking steps to adjust our cost structure to reflect the business realities of the current environment.'"
"The company mentioned that some teams have chosen to offer voluntary departure and retirement programs, giving employees the choice to decide whether they'd like to stay with the company or begin a new chapter."
"Rogers did not confirm how many employees are expected to take the buyout offer, but it previously stated that it employs about 25,000 workers."
"The job reduction follows a quarterly report where Rogers announced plans to cut capital spending by 30 percent compared to last year, citing a 'punitive' regulatory environment and competitive pressures."
Rogers Communications Inc. is offering voluntary buyouts to approximately 10,000 eligible employees as part of a strategy to adjust its cost structure. The company stated that some teams have opted for voluntary departure and retirement programs, allowing employees to choose between staying or leaving. Rogers employs around 25,000 workers, and the buyout offer follows a recent announcement of a 30 percent reduction in capital spending due to regulatory challenges and competitive pressures.
Read at www.cbc.ca
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