2020.04.28 Postmedia pay cut would be ‘tough sell’ for unions Leaders of CWA Canada Locals at newspapers in three provinces will hold a conference call tonight to decide their response to Postmedia’s moves to cut labour costs during the public health crisis. The company announced today that it will lay off 50 sales people, temporarily cut pay for employees, and …
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Source: business.financialpost.com Its debt has had some positive effects, in that it has spurred digital transformation in the company: CEO read entire story
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Jan. 10, 2019 Media union CWA Canada, which represents staff at several Postmedia newspapers, welcomes the announcement that Paul Godfrey is stepping down as CEO of Postmedia. “It’s just a shame it didn’t happen years ago,” CWA Canada President Martin O’Hanlon said. “It is not hyperbole to say that Godfrey has been a disaster for the newspaper industry in this country.” “Godfrey has presided over the …
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Source: nationalobserver.com So how long can Postmedia, Canada’s largest newspaper chain, stay afloat? A sign of the company’s fiscal crisis came in September when unionized journalists and sales staff at the Ottawa Citizen and Ottawa Sun voted 32 to 24 to accept a Postmedia contract that reduces sick pay, dental and other health benefits. The company had threatened to lock …
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Source: cwacanada.ca OTTAWA – CWA Canada, the country’s only all-media union, is calling on the federal government to take action to block the latest destructive cuts at Postmedia. The company announced today that it is closing six newspapers in Ontario and Alberta, killing the print editions of three more, and cutting yet more staff to reduce its salary costs by 10 …
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Source:globalnews.ca Editorial staff at the National Post, the flagship publication of Canada’s largest newspaper company, announced Wednesday that they are beginning a union drive with CWA Canada. The paper’s beleaguered parent company Postmedia, which has suffered steep revenue declines affecting the entire print media industry, offered buyouts last week, just months after completing a company-wide salary cost reduction of twenty …
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Source: cwacanada.ca Leaders of CWA Canada and Unifor Locals at five newspapers that are bargaining new contracts with Postmedia have vowed to stand united against the company’s concession proposals. Postmedia wants unionized employees to accept draconian measures it imposed earlier this year on non-union staff. The company wants to freeze the Postmedia defined-benefit pension plan, slash its pension contribution to 3.0 …
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Source: theglobeandmail.com Amid another year of dramatic restructuring at Postmedia Network Canada Corp., the company’s five most senior executives were awarded nearly $2.3-million in retention bonuses. The payouts, which are outlined in company disclosures filed on Wednesday, are tied to a recent debt restructuring that wiped out more than $268-million (U.S.) in debt, thereby reducing the company’s interest payments by about …
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Source: theglobeandmail.com In the past year, Postmedia Network Canada Corp. has shed the equivalent of 800 full-time jobs. On Thursday, the company said the job losses will deepen, announcing a target of a further 20-per-cent saving on salary costs. The latest round of planned staff reductions – through voluntary buyouts, followed by involuntary layoffs if necessary – comes amid a worsening slump. …
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Google partners with Postmedia/major publishers source: business.financialpost.com JUN 2, 2016 Postmedia Network Inc. and Google Inc. are teaming up to make reading the news on a Canadian smartphone up to 60 per cent faster, while using 10 times less data. Accelerated mobile pages (AMP) is Google’s open-source project, already used by publishers around the world, that aims to bring mobile web page load times closer …
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