Results 1 to 8 of 8

Thread: Shaw/Freedom Expects to Cut 650+ Jobs Through Buy-Out Offer

  1. #1
    Join Date
    Apr 2011
    Location
    Toronto
    Posts
    2,066
    Device(s)
    BlackBerry Motion
    Carrier(s)
    WIND Mobile
    Feedback Score
    0

    Shaw/Freedom Expects to Cut 650+ Jobs Through Buy-Out Offer


  2. #2
    Join Date
    Oct 2016
    Posts
    392
    Device(s)
    OnePlus 2
    Carrier(s)
    Mobilicity -> WIND -> Public Mobile -> Koodo
    Feedback Score
    0
    Not sure if it is a typo, but MobileSyrup said that Shaw has offered buyouts to 6,500 employees, not 650.

    Freedom is going to be the next Public Mobile:

    "The goal is to refocus the company’s efforts to a more self-serve model geared towards customers navigating Shaw’s services through web and mobile apps."

    Source: https://mobilesyrup.com/2018/01/30/s...also-affected/

  3. #3
    Join Date
    Oct 2016
    Posts
    392
    Device(s)
    OnePlus 2
    Carrier(s)
    Mobilicity -> WIND -> Public Mobile -> Koodo
    Feedback Score
    0
    I read a few more articles, there will be 650 layoffs, and 6500 buyouts.

  4. #4
    Join Date
    Apr 2011
    Location
    Toronto
    Posts
    2,066
    Device(s)
    BlackBerry Motion
    Carrier(s)
    WIND Mobile
    Feedback Score
    0
    They sent out 6,500 buyout offers, of which they expect to get 650 (10%) acceptances. They have 14,000 employees, 6,500 buyouts would equate to slightly less than half of the workforce and that would represent nothing short of a collapse of the company.

    Quote G&M:

    'The Calgary-based company confirmed Tuesday that it has offered buyouts to 6,500 employees of both Shaw and its Freedom Mobile wireless business and expects about 10 per cent of those workers to accept the offer.'

    Mobilesyrup is wrong once again.

  5. #5
    Join Date
    Oct 2016
    Posts
    392
    Device(s)
    OnePlus 2
    Carrier(s)
    Mobilicity -> WIND -> Public Mobile -> Koodo
    Feedback Score
    0
    Quote Originally Posted by Mann Incognito View Post
    They sent out 6,500 buyout offers, of which they expect to get 650 acceptances. They have 14,000 employees, 6,500 buyouts would equate to slightly less than half of the workforce and that would represent nothing short of a collapse of the company.

    Quote G&M:

    'The Calgary-based company confirmed Tuesday that it has offered buyouts to 6,500 employees of both Shaw and its Freedom Mobile wireless business and expects about 10 per cent of those workers to accept the offer.'

    Mobilesyrup is wrong once again.
    What happens to the employees that don't accept a buyout?

  6. #6
    Join Date
    Apr 2011
    Location
    Toronto
    Posts
    2,066
    Device(s)
    BlackBerry Motion
    Carrier(s)
    WIND Mobile
    Feedback Score
    0
    Quote Originally Posted by phoneseeker101 View Post
    What happens to the employees that don't accept a buyout?
    The same as what any other company would do; if their goal is to get 650 layoffs and only 450 accept the offer voluntarily, they'll probably force redundancy on the remaining 200 in the areas they consider over employed.

  7. #7
    Join Date
    Dec 2007
    Location
    SW Ontario
    Posts
    1,767
    Device(s)
    RIM9790
    Carrier(s)
    Wind
    Feedback Score
    0
    Quote Originally Posted by Mann Incognito View Post
    The same as what any other company would do; if their goal is to get 650 layoffs and only 450 accept the offer voluntarily, they'll probably force redundancy on the remaining 200 in the areas they consider over employed.
    I witnessed that happen at Bell in the late '90's.

    After the first round of buyouts (up to 40 month's pay in some instances) there were good old fashioned layoffs.

    If you are a Shaw employee reading this and you have a package in your hands, and you are considering holding out for more. Don't. Sign the deal today.

    I watched some co-workers with 15 years service turn down 20months and a vested pension kicking in at 60, get walked out with nothing but legal severance a year later.

    I was just a kid, so I wasn't offered anything other than 6 month's pay.

    Sent from my LG-H933 using HoFo mobile app
    --------------------------------
    Un petit d'un petit
    S'étonne aux Halles
    Un petit d'un petit
    Ah! degrés te fallent

    Old French Proverb from the book of; Mots D'Heures Gousses Rames

    (I am the Stig!)

  8. #8
    Join Date
    Aug 2008
    Location
    Alberta
    Posts
    3,368
    Carrier(s)
    Value
    Feedback Score
    0
    Shaw Communications Announces Total Business Transformation Initiative
    Shaw Newsroom Jan 30

    Shaw offers buyout packages to 6,500 employees as it looks to cut workforce
    [About 10% expected to accept]
    CBC Jan 30

    An early version of this story referred to Shaw looking to cut customer service staff, based on the company's news release, which talks about revamping the way it interacts with customers. But an internal memo obtained by CBC News and confirmed to be authentic states "employees in customer care, retail and sales" will not be eligible for the buyouts. It also states eligibility may be expanded in the future.
    - CBC
    Shaw Communications Inc. has announced a massive staff-reduction program that asks some 6,500 employees to consider taking voluntary buyouts as the company looks to cut its workforce.

    In a release, the Calgary-based communications company said the buyouts are part of a multi-year initiative meant to "refocus Shaw's operations toward providing service more easily through highly capable online and smartphone apps and more self-installed services."

    To that end, Shaw Communications president Jay Mehr said the company will need to make "some significant changes to serve customers the way they expect to be served in 2018 and beyond."

    "Our agents in contact centres and our technicians will still be able to deal with more complex questions and situations, but we are committed to listening better to our customers and changing our operating model to better suit their preferences for service when they want and how they want it," Mehr said.

    The goal is to become "a leaner, more integrated, and more agile workforce," he added.

    The voluntary buyout program runs from Jan. 31 to Feb. 14.

    About 10% expected to take buyouts

    The company said the program will "give selected employees the opportunity to think critically about their future with the company, and make realistic decisions about their role in Shaw's evolution."

    Employees at both Shaw and its mobile operator, Freedom Mobile, have been offered the buyout package and the parent company expects about 10 per cent (650) will accept it.

    "We know that in the future we need to be leaner, we need to be more integrated as a company, we need to be more agile as a company and we also know we're going to need different types of skill sets going forward," said Chetham Lakshman, vice-president of external affairs.

    "We know we have certain goals in terms of our own business model and the number of people and the kinds of people we need, and that's what that number is based on."

    Eligible employees "will receive a generous severance package delivered via email" on Jan. 31 and will have until Feb. 14 to decide whether to accept it, according to an internal company memo obtained by CBC News.

    The actual departures of employees who accept the buyouts will then take place over the ensuing two to 18 months, the memo states.

    "To continue to drive the business and ensure customer experience is not affected during this program, customer-facing employees in customer care, retail and sales and their direct leaders will not be eligible for the program," the memo adds.

    "This program will be made available in the future to employees currently not eligible, should business needs arise."

    Patrick Horan, a portfolio manager with Toronto-based Agilith Capital, said the move is likely related to new internet protocol television technology that Shaw has adopted from Comcast, one of the largest internet service providers in the United States.

    "They're probably seeing enhanced productivity improvements with it," Horan said, noting the technology allows more tasks to be handled remotely rather than by physically sending an employee to a person's home.

    "And from what I understand the technology is more reliable so they probably need less in the way of people in call centres," he added.

    Shaw compared to T-Mobile in the U.S.

    "I suspect most of these [buyouts] are happening on the cable or the video side of the business and really this is just an admission that this is a new reality in our video land," he said. "It's not a growth sector."
    Horan said Shaw is also likely shifting its business model away from video and more toward wireless communications through Freedom Mobile (formerly Wind Mobile), the brand it bought in 2016.

    "I suspect most of these [buyouts] are happening on the cable or the video side of the business and really this is just an admission that this is a new reality in our video land," he said. "It's not a growth sector."

    He believes Shaw is trying to become a Canadian version of T-Mobile, an upstart mobile communications brand that started small but grew quickly in the U.S.

    "If you look at the states, it took Verizon and AT&T really about a year and a half before they really responded and took T-Mobile seriously," Horan said.

    He said it will be interesting to watch how the three major wireless providers in Canada — Bell, Rogers and Telus — react to Shaw's growing presence in the market.

    --
    Shaw Welcomes [T-Mobile COO] Mike Sievert to its Board
    MarketWired Oct 26
    Last edited by pjw918; 01-30-2018 at 08:28 PM.

Similar Threads

  1. Sprint to cut 8000 jobs
    By arnold040 in forum Boost Mobile
    Replies: 0
    Last Post: 01-26-2009, 12:24 PM
  2. Bell to Cut 4G Jobs, "Missed the boat on wireless"
    By AM Radio in forum Bell Mobility
    Replies: 24
    Last Post: 02-03-2006, 11:31 PM
  3. Breaking News: Motorola to cut 150 jobs in Plantation
    By ke4qpf in forum General Nextel Discussion
    Replies: 2
    Last Post: 07-22-2005, 06:14 AM
  4. Replies: 24
    Last Post: 05-20-2005, 10:48 AM
  5. Cingular to cut 3,000 jobs
    By zerokarma in forum AT&T
    Replies: 0
    Last Post: 08-20-2002, 02:05 PM

Tags for this Thread

Bookmarks