Close X
Saturday, November 16, 2024
ADVT 
National

Telus slashes 6000 jobs

Darpan News Desk The Canadian Press, 04 Aug, 2023 11:32 AM
  • Telus slashes 6000 jobs

Vancouver-based Telecom giant Telus is reporting a dismal second quarter and it's responding by cutting six-thousand jobs -- just under six per cent of its workforce.

Telus says four-thousand jobs will be cut from its main operations while a further two-thousand jobs will be trimmed at Telus International.

This as the company says its second-quarter net income fell almost 61 per cent -- to 196-million dollars -- when compared the April to June period last year.

Telus president Darren Entwistle says the job cuts were made with "a very heavy heart."

MORE National ARTICLES

Wildfire roundup: What you need to know about blazes burning across Canada

Wildfire roundup: What you need to know about blazes burning across Canada
The B.C. Wildfire Service says heavy equipment, helicopters and crews are attacking what is believed to be a human-caused fire. The wildfire service is reporting more than 80 active fires in British Columbia.

Wildfire roundup: What you need to know about blazes burning across Canada

Logging truck failure set off crash that killed 3 in Cranbrook, B.C.: RCMP

Logging truck failure set off crash that killed 3 in Cranbrook, B.C.: RCMP
The crash on Highway 3 last Wednesday involved three vehicles, but police say those who died were all in a Chevrolet Suburban.  RCMP say the collision analysis and reconstruction service is still investigating the crash. 

Logging truck failure set off crash that killed 3 in Cranbrook, B.C.: RCMP

BC Ferries wants public opinion on former buffet space

BC Ferries wants public opinion on former buffet space
B-C Ferries is asking for the public's help in deciding what to do with its former buffet spaces on its Tsawwassen-Swartz Bay route. It says an online survey will be open for three weeks and, using that feedback, it hopes to transform the space this fall.  

BC Ferries wants public opinion on former buffet space

Assault at a school in Maple Ridge

Assault at a school in Maple Ridge
Mounties in Ridge Meadows say they are investigating an assault at a local school. They say officers responded to the incident at a school at 116-B Avenue around 9:40 P-M on Saturday – outside of regular school hours.

Assault at a school in Maple Ridge

What the interest rate hike means for mortgage holders, home hunters

What the interest rate hike means for mortgage holders, home hunters
The hike is aimed at quelling inflation, which has proved stubborn, not moving down quickly enough toward the central bank's target of two per cent. However, the hike is also bound to weigh on those hunting for homes or holding mortgages.

What the interest rate hike means for mortgage holders, home hunters

BOC boosts key interest rate by 25 basis points to 4.75 per cent, highest since 2001

BOC boosts key interest rate by 25 basis points to 4.75 per cent, highest since 2001
As the economy continues to outperform expectations, the Bank of Canada has chosen to act sooner rather than later to clamp down on inflation, raising interest rates by a quarter of a percentage point on Wednesday. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001.

BOC boosts key interest rate by 25 basis points to 4.75 per cent, highest since 2001