Shaw cutting 500 jobs as it restructures operations

Shaw Communications (TSX:SJR.B) is cutting about 500 jobs as part of a restructuring. Shaw president Peter Bissonnette said Wednesday the move will eliminate jobs across Western Canada, including a large number of managers and supervisors, as the company consolidates 18 operating regions into seven.

CALGARY — Shaw Communications (TSX:SJR.B) is cutting about 500 jobs as part of a restructuring. Shaw president Peter Bissonnette said Wednesday the move will eliminate jobs across Western Canada, including a large number of managers and supervisors, as the company consolidates 18 operating regions into seven.

“The overheads associated with those regions have been reduced,” said Bissonnette, who added that the cuts include about 150 managers and supervisors. Shaw has more than 13,000 employees. Among the operations affected will be a call centre in Saskatoon that will be closed.

Bissonnette said the company has grown quickly in recent years in the Internet and telephone segments of its business.

“We’ve looked at that and said the cost effectiveness of our company is really important and we need to start really looking at operating income and the kinds of overhead that we acquired in that growth,” he said.