REPORT: Shaw Offering Severance Packages To 6,500 Employees

Layoffs could follow.

Shaw is offering severance packages to a massive 6,500 employees, as they undertake what is being called a “transformation” of their business.

As noted by BNN, “In a statement, Shaw said about 6,500 employees have been offered the package – including workers at Freedom Mobile which the company bought in 2016. About 10 per cent are expected to accept the offer. Shaw had approximately 14,000 employees as of the end of August.”

Those who don’t accept the buyouts could reportedly face layoffs.

Considering that the number of workers being offered the buyouts are equal to almost half of the company, it’s a staggering change – and represents a large potential loss of jobs in Canada.

Here’s the reason behind the severance packages, per a memo reported on by BNN:

“People are increasingly choosing to not buy our industry’s legacy product offering, and people no longer want to interact with companies the way they used to — and this is especially true in our category. In the midst of these dramatic changes driven by our customers and technology, we have a critical opportunity to redefine all aspects of our operating model — from how we deliver products and services to how we manage our business. This one-time offer is designed to motivate Shaw employees to think critically about their future with our company, and make realistic decisions about their role in Shaw’s evolution.”

While written in corporate-speak, it seems Shaw is having some tough times, and seem concerned about worse times ahead.

It’s also a sign of the problems within our economy under the supposedly ‘positive’ surface.

Spencer Fernando

Photo – Google Maps

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MaggatdeeDelJulie Laflamme Recent comment authors
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Julie Laflamme
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Julie Laflamme

Shame they aren’t doing well enough to keep employees. Maybe they should run vacation contests – like taxpayer funded CBC- to bribe customers …( here’s link to CBC taxpayer funded contest. Sign up to leave comment on site , & also enter contest. Use vacation as search word in search box upper right corner Might as well get a shot at making some $$ back! )

http://signup.freebies.com/global/refer?refer=1022355

Del
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Del

What the heck? A company laying off employees in order to try to save itself? How disgusting. Who the heck does the company think they are, Timmies? Not only should Shaw not lay people off, they should be hiring as fast as they can and increase everybody’s wages. Drastically increase benefits. Double the workforce so everyone only has to work 6 months and get a 6 month paid holiday, just as long as employees and whiners are happy. What does the continuing existence of Shaw have to do with happy employees? The investors and shareholders have lots of money and… Read more »

dee
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dee

its the economy, taxes and the liberals… now shaw, last week campbells stated they would close the toronto operations and move to the states, jst before that g.m.c. anounced a suv line was leaving ingersol for mexico. between wynne and trudeau they wont be happy until all jobs are gone and we are in a totally socialist state…

Maggat
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Maggat

Well Shaw is only the first to feel the pinch. It’s the INTERNET stupid. We, in the main, do NOT require all of your unwatchable dross piped into our home with a bill that would choke a horse. Add ons here packages there, all junk. I dropped all cable/satellite years ago and do not miss it at all. Spencer Fernando and like sites are an example of the news sites available. As to bias one can chose the bias one desires. With cable/satellite one is anchored to the networks. The good news with this is I don’t ever have to… Read more »