Cable Giant Shaw to Furlough 1,000 Workers Amid Coronavirus Crisis

Canada News News

Cable Giant Shaw to Furlough 1,000 Workers Amid Coronavirus Crisis
Canada Latest News,Canada Headlines
  • 📰 THR
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

Canadian cable giant Shaw Communications on Tuesday said it will temporarily lay off around 1,000 employees, or 10 percent of its workforce

.

The Calgary-based media company cited "the extraordinary and unpredictable conditions created by the COVID-19 pandemic" for the furloughs set to begin Thursday. The company said it currently has around 10,000 employees and the temporary layoffs will mostly fall in retail and sales divisions heavily impacted by current health safety precautions.

"With our gratitude, we will be providing financial support to affected employees beyond applicable government programs, and we look forward to welcoming them back when business conditions improve," Shaw president Paul McAleese said in a statement. Beyond its traditional pay TV packages, Shaw has seen usage of its broadband internet and mobile phone offerings expand as Canadians shelter in their homes during the coronavirus crisis.

Added McAleese, "We continue to see increased usage of our network and our customers continue to enjoy strong connectivity through our wireless and broadband services. Our network upgrades over the past few years have put us in a solid position to handle increased traffic."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

THR /  🏆 411. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How One City Mayor Forced A Pork Giant To Close Its Virus-Stricken PlantHow One City Mayor Forced A Pork Giant To Close Its Virus-Stricken PlantSmithfield Foods didn't want to stop slaughtering hogs at its Sioux Falls pork plant, even after hundreds of workers got sick with the coronavirus. Then the city's mayor forced the company's hand.
Read more »

Ad Giant Publicis Warns of Unprecedented Spending PullbackAd Giant Publicis Warns of Unprecedented Spending PullbackThe head of one of the world’s largest ad-agency conglomerates warned the industry is facing a far more severe pullback in ad spending than the one that buffeted Madison Avenue in the wake of the financial crisis.
Read more »

'Giga' Explores Aftermath of a War with Giant Monsters'Giga' Explores Aftermath of a War with Giant MonstersThe new series from Vault Comics is 'Neon Genesis Evangelion' meets 'Knives Out.'
Read more »

Coronavirus testing giant performs high-wire act of promises vs. realityCoronavirus testing giant performs high-wire act of promises vs. realityWill Abbott’s 'game-changing' 5-minute test live up to expectations? Health experts say the scramble for tests is an arms race and the Illinois company will play a contributing role.
Read more »

She’s Training for a Giant Climb Whether It Happens or NotShe’s Training for a Giant Climb Whether It Happens or NotShe’s continuing to train for her quest to hike up 29,029 feet, the elevation of Mount Everest, without ever setting foot in Asia
Read more »

In oil market sunk by coronavirus, giant output cuts make ripple, not big wavesIn oil market sunk by coronavirus, giant output cuts make ripple, not big wavesMuted oil price gains on Monday show record output cuts by giant producers will still leave them with a mountain to climb to restore market balance, industry watchers said, with the coronavirus pandemic decimating demand just as stocks swell.
Read more »



Render Time: 2025-03-03 14:40:57