(Vancouver) Telecommunications company Telus announced Friday that it will cut 6,000 jobs.
The Vancouver company says the cut affects 4,000 workers at its main Telus business and another 2,000 at Telus International.
In a statement announcing its results for the second quarter, Telus announced “with regret” that it aims for this reduction, which will be carried out in particular with “the offer of early retirement and voluntary departure bonuses”, specifies- we.
“While these are tough decisions to make, they are necessary to drive innovation for our customers and ensure profitable growth for our business and our investors,” said Doug French, Vice President at Executive and Chief Financial Officer of TELUS.
According to financial market data firm Refinitiv, Telus had 108,500 employees at the end of last year.
The company also announced that its second-quarter net profit fell nearly 61% from the same period last year, to 196 million.
The company’s net profit was 14 cents per share for the quarter ended June 30, up from 34 cents per share a year earlier.
Company in this post: (TSX:T)
