February 15, 2018 / 2:06 PM / 3 months ago

BRIEF-Shaw Communications Says 3,300 Employees Elected To Participate In A Voluntary Departure Program

Feb 15 (Reuters) - Shaw Communications Inc:

* SHAW COMMUNICATIONS COMPLETES FIRST PHASE OF TOTAL BUSINESS TRANSFORMATION INITIATIVE

* SHAW COMMUNICATIONS - ABOUT 3,300 EMPLOYEES ELECTED TO PARTICIPATE IN A VOLUNTARY DEPARTURE PROGRAM , WHICH REPRESENTS 25% OF CO’S TOTAL WORKFORCE

* SHAW COMMUNICATIONS -REGARDING BUSINESS TRANSFORMATION ACTIVITIES TO-DATE,INCLUDING VDP,EXPECTS TO INCUR RESTRUCTURING CHARGE OF ABOUT $450 MILLION IN Q2

* SHAW COMMUNICATIONS - SEES ANNUALIZED SAVINGS RELATED TO VOLUNTARY DEPARTURE PROGRAM TO BE ABOUT $225 MILLION, TO BE FULLY REALIZED IN FISCAL 2020 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below