Unifor says 35 of its members at Global News have been laid off as part of changes announced Wednesday by Corus Entertainment Inc.
Randy Kitt, Unifor 's media director, says there were 13 layoffs in Calgary, one in B.C., three in Lethbridge, eight in Edmonton, three in Ottawa and seven in Toronto.On Wednesday, Global News spokeswoman Anna Arnone said the changes come as part of an ongoing evaluation of its business and an efficiency review across Corus.
She declined to offer further details, such as whether employees had been laid off, though she said certain roles had been affected.Kitt called the news a devastating blow to the industry, adding the jobs are "desperately needed" in Canada. US market expert warns of 'a bigger crash' than 2008 — says there's 'nowhere to hide' except in this 1 assetRussia's production in war-related industries rose 60% from the fall of 2022 to the spring of 2024. Output from other sectors has remained flat.‘A tale of two economies’: Interest rate policy in Canada and U.S. diverging
With monetary policy at the Bank of Canada and U.S. Federal Reserve diverging, experts say it could set the Canadian dollar up for volatility down the road.Speaker Mike Johnson met with Senate Republicans on Wednesday to begin setting an ambitious agenda for Washington if former President Trump is reelected and Republicans win back control of the Senate and keep their House majority.
'Clear path to a soft landing': Here's what Wall Street sees for Fed rate cuts after May inflation came in coolAs buoyant investors brace for potentially one of the most significant days of the year on Wednesday with U.S. inflation and the Federal Reserve's policy decision, Asian markets have their own obstacles to hurdle beforehand.
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