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Trudeau Loses His Mind Over Bell Canada Cutting 4,800 Media Jobs

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Canada's Trudeau Loses His Mind Over Bell Canada Cutting 4,800 Media Jobs

Bell Canada Enterprises has announced plans to reduce 9% of its staff, or 4,800 positions, in a historic and unprecedented mass layoff.

In addition to the layoffs, Bell announced that it will sell 45 radio stations, close over 100 The Source stores, and discontinue most of its midday and weekend newscasts.

The current round of layoffs comes after Bell eliminated 1,300 positions just eight months ago in June 2023, but it has continued an annual cycle of cuts from within the telecom behemoth, citing declining ad income and losses at CTV News and BNN Bloomberg.

Bell CEO Mirko Bibic stated that the company’s news activities are losing approximately $40 million per year, and ad revenues have plummeted by $140 million in 2023 compared to the previous year.

Bell’s layoffs follow CBC and Radio-Canada’s decision to lay off 600 employees and cancel some programmes in December to help cover a $125-million budget shortfall.

Shortly after the announcement, Canadian Liberal Prime Minister Justin Trudeau stated that he was “furious” with Bell’s plan to reduce jobs and programmes in its media sector.

Trudeau expressed deep frustration with the cuts as his administration attempts to dominate the media narrative by restricting conservative media under a proposed Online Harms Act.

“This is a garbage decision by Bell Canada, a corporation that should have known better,” Trudeau told reporters.

“Over the past years, corporate Canada — and there are many culprits on this — have abdicated their responsibility towards the communities that they have always made very good profits off of.”

Bell Canada didn’t immediately reply to Trudeau’s comments.

When announcing the changes on Thursday, Bell Canada blamed the Trudeau administration. The business said it was cutting back on capital spending and slowing down the construction of its fibre-optic network, citing Trudeau’s policies, such as a regulatory decision last year that would force it to open up its broadband networks to smaller rivals at set prices.

Bell CEO Mirko Bibic stated that we must take additional measures in response to the Trudeau government’s increasingly unsupportive regulatory policies, legacy business reductions, and a macroeconomic climate characterised by higher interest rates and ongoing inflation.

Bell Canada plans to save up to C$200 million (US$149 million) this year through workforce reductions.

Trudeau’s government has attempted to provide funding to Canadian mainstream news sites through laws such as the Online News Act, which attempted to force Google and Facebook to pay for content.

Facebook’s parent company, Meta, declined, instead barring users in Canada from sharing links to news articles. Google negotiated payments in the order of C$100 million.

Trudeau’s Online News Act Bill C-18

In June 2023, the Trudeau government passed Bill C-18, often known as the Online News Act, which forced Big Tech behemoths Google and Meta to reimburse Canadian news organisations for information appearing on their platforms.

Trudeau claimed that Google and Meta controlled 80% of Canada’s $14 billion online advertising market and were responsible for the decline of mainstream media.

Despite Trudeau’s administration supporting the Canadian Broadcasting Corporation (CBC) with around $1.3 billion in the fiscal year 2022-2023.

Trudeau’s law requires tech titans to negotiate compensation agreements with journalistic organisations. Otherwise, the Canadian Radio-television and Telecommunications Commission (CRTC) steps in.

The Marxist Trudeau government intends to extract $329 million per year by taxing Facebook and Google income at a rate of 4%. No other country in the world imposes such a high tax.

According to Conservatives, the Liberal administration under Justin Trudeau intends to control how Canadians live, think, and speak.

Earlier this year, they pushed through Bill C-11 to tax Netflix and YouTube, raking in millions given to Canadian creators to develop shows no one watches.

Justin Trudeau’s popularity is at an all-time low; most Canadians want him to quit, and even his caucus turns against him. Trudeau’s trademark manoeuvre throughout his political career has been to seek out a political conflict that will energise his followers while diverting attention away from the country’s major concerns.

Taking on big corporations helps him to seem like David versus Goliath and to be a hero in the press.

Trudeau likes linking the health of the media to the state of democracy, although a media business under the heel of big government is considerably worse than no media.

Geoff Thomas is a seasoned staff writer at VORNews, a reputable online publication. With his sharp writing skills and deep understanding of SEO, he consistently delivers high-quality, engaging content that resonates with readers. Thomas' articles are well-researched, informative, and written in a clear, concise style that keeps audiences hooked. His ability to craft compelling narratives while seamlessly incorporating relevant keywords has made him a valuable asset to the VORNews team.

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Red Lobster Closes 50 Restaurants as Bankruptcy Looms

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Red Lobster is reportedly considering filing for bankruptcy protection: Getty Images

Red Lobster abruptly closed at least 50 of its restaurants across the United States, surprising customers and employees. Red Lobster is reportedly considering filing for bankruptcy.

The chain has hired a restructuring expert as its CEO, which could indicate an eventual bankruptcy.

TAGeX Brands, a restaurant liquidator, said that it would auction off goods from some of the Red Lobster restaurants that had closed.

“TAGeX Brands is proud to launch the largest restaurant liquidation EVER through its online auction marketplace,” Neal Sherman, CEO of TAGeX Brands, wrote in a LinkedIn post.

“The furniture, fixtures, and equipment from select Red Lobster locations must go ASAP!”

The mass closures are yet another evidence of Red Lobster’s woes, and it is the first time in the chain’s more than 50-year history that dozens of restaurants have closed at the same time.

Red Lobster was a casual dining pioneer, introducing reasonably priced seafood to middle-class consumers for the first time.

However, the business has decreased in recent years owing to a variety of causes, including corporate mismanagement, according to former executives and restaurant analysts.

Thai Union Group Takes $530 Million Loss

Thai Union Group, a Thai producer of seafood-based food products and a longtime Red Lobster supplier, acquired an unknown financial position in the business in 2020, becoming a prominent shareholder.

Under Thai Union’s leadership, Red Lobster went through four CEOs and implemented an all-you-can-eat shrimp bargain last year, which slowed table service and reduced Thai Union’s earnings.

The offer has been running for more than 18 years at Red Lobster, but it has now become a permanent staple on the menu. “We need to be much more careful,” Thai Union CEO Thiraphong Chansiri stated in November about the shrimp contract.

Thai Union Group said this year that it was divesting from Red Lobster and would incur a $530 million loss on its investment. The chain, which has 27 restaurants in Canada and 649 in the United States, has not publicly commented on the closures.

In 2023, the company reportedly lost millions of dollars after its unlimited shrimp deal proved unexpectedly popular with clients.

The all-you-can-eat menu choice was originally only available for a limited period, but when the company made it permanent, consumers took advantage and consumed more shrimp than the restaurants could afford.

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Roku Will Stream Weekly MLB Game On Sundays. Viewers Won’t Need One Of The Service’s Devices

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AP News - VOR News Image

The streaming service announced Monday that Roku will begin broadcasting Major League Baseball games on Sundays this week, and fans will be able to watch for free without needing a device.

AP – VOR News Image

Roku Will Stream Weekly MLB Game On Sundays. Viewers Won’t Need One Of The Service’s Devices

The company has secured multiyear rights to MLB Sunday Leadoff games, beginning this Sunday with the Boston Red Sox versus the St. Louis Cardinals. The telecasts will be created in partnership with local broadcasting teams. They were originally available via the subscription service Peacock.

AP – VOR News Image

Roku Will Stream Weekly MLB Game On Sundays. Viewers Won’t Need One Of The Service’s Devices

Viewers without Roku can watch the games via the free Roku Channel app, available on Amazon Fire devices, Samsung TVs, and Google TVs. The app is also available at therokuchannel.com, and no login is necessary.

The games will also be available to MLB.TV subscribers.

AP – VOR News Image

Roku Will Stream Weekly MLB Game On Sundays. Viewers Won’t Need One Of The Service’s Devices

“With free games available to anyone, MLB games on Roku will be widely accessible to fans,” said Noah Garden, MLB deputy commissioner for business and media. “Since Roku serves as an entertainment gateway for millions, this partnership offers a valuable new promotional and distribution platform for MLB games and content.”

SOURCE – (AP)

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Boeing Orders Tumble As Troubled Aircraft Maker Struggles To Overcome Its Latest Crisis

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Another sign of Boeing’s predicament is the fact that canceled sales outweighed falling orders in April.

Boeing announced Tuesday that it received orders for seven planes last month, which is an exceptionally low figure. That wasn’t enough to overcome canceled sales for 33 planes, 29 of which were due to the closure of Lynx Air, a cheap Canadian airline that ceased operations in late February.

AP – VOR News Image

Boeing Orders Tumble As Troubled Aircraft Maker Struggles To Overcome Its Latest Crisis

As expected, deliveries of new Boeing jetliners were low, at 24 in April, putting the American company further behind its European rival Airbus.

In the first four months of the year, Airbus delivered 203 commercial jets, compared to 107 for Boeing. Deliveries are a key source of cash for businesses.

AP – VOR News Image

Boeing Orders Tumble As Troubled Aircraft Maker Struggles To Overcome Its Latest Crisis

The Federal Aviation Administration is halting the construction of new Boeing 737 Max jets as the firm works to enhance manufacturing quality.

The production halt came when a piece known as a door plug burst out of an Alaska Airlines 737 Max shortly after takeoff from Portland, Oregon, in January. The pilots were able to safely land the plane, but the incident has plunged Boeing into its most serious crisis since the fatal crashes of two Max jets in 2018 and 2019.

Current and former Boeing employees have accused the firm of cutting corners on safety, and the FAA, National Transportation Safety Board, and Justice Department are all looking into the matter.

Independent: VOR News Image

Boeing Orders Tumble As Troubled Aircraft Maker Struggles To Overcome Its Latest Crisis

While Boeing’s April results were disappointing, the company said it achieved a milestone last month when it delivered the 1,500th 737 Max to Ireland’s Ryanair.

SOURCE – (AP)

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