Members of Parliament have invited several top executives from BCE Inc. and Bell Canada to testify later this month about the company’s decision to cut about nine per cent of its workforce this year. The House of Commons heritage committee agreed to invite BCE Inc. CEO Mirko Bibic to address the cuts, which will have impacts … Read more
New research released today from MeQuilibrium revealed that while frontline workers in retail and service-related businesses have high levels of stress, anxiety and depression, they are more resilient to these conditions than non-frontline workers. The survey also showed frontline workers are “more likely to say they do not have a problem, and — even when … Read more
Bell Media is ending multiple television newscasts and making other programming cuts after its parent company announced widespread layoffs and the sale of 45 of its 103 regional radio stations. News stations such as CTV and BNN Bloomberg would be affected immediately, according to an internal memo sent to Bell Media employees on Thursday. The … Read more
San Francisco: E-commerce company Wayfair has announced to lay off 1,650 employees, or 13 per cent of its workforce globally, to reduce costs. The latest job cuts are expected to provide the company more than $280 million in annualised cost savings, according to CNBC. “I want to say thank you to the 1,650 team members … Read more
Why is this happening? Observers attributed China’s latest population decline to a wave of pandemic deaths early in 2023, after the world’s second largest economy abruptly dismantled its strict zero-COVID regime. Last year, overall deaths went up 6.6 per cent to 11.1 million, with the death rate reaching its highest level since 1974 during the Cultural … Read more
Online shopping giant Amazon is eliminating hundreds of positions across its video production and distribution divisions, as the company announced layoffs at Amazon Prime Video, its MGM Studios division and livestreaming subsidiary Twitch. The latest cuts come as the company has eliminated more than 27,000 jobs over the past year, part of multiple rounds of technology industry … Read more
Cost of Living1:56Mike von Massow Skyrocketing prices have taken a big bite out of what Canadians are able to serve up for dinner but food economists say our ability to cope has been worsened by our collective decline in cooking skills. “We are less able to cook than we were 30 or 40 years ago, … Read more
“Tailwinds are blowing,” said Kazuma Kishikawa, an economist at Daiwa Institute of Research. The Taiwanese company’s US$8.6 billion plant along with other vast spending plans by its peers such as Rapidus and Micron Technology could spur more investment and competition for talent and hence labour market liquidity and wage growth in broader sectors, he said. … Read more
Finance Minister Chrystia Freeland has approved RBC’s $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Freeland’s approval was the last hurdle for the deal after the Competition Bureau approved it in September. The minister’s approval comes with conditions on RBC, including that … Read more
Brad Clements, 82, has been growing Christmas trees near Milton, Ont., since the 1980s but is getting ready to pack it in. “We’re looking at closing it up in the next year or so, if not sooner,” said Clements, owner of Clembrook Christmas Farm. Clements and his wife aren’t passing the business on to a … Read more
