Frustration over BCE Inc.'s 4,800 job cuts earlier this year spilled over at the company's annual general meeting on Thursday, as investors and employees questioned executives on their compensation during a period of belt-tightening for staff.
"The ability of us as a public company to grow, to invest, to attract capital, to make capital investments, is contingent upon our ability to grow our earnings and to grow our dividend and to perform." "It's part of the need to become more efficient and that's applying at all levels of the company," said the chief executive.
Earlier in the day, BCE reported its first-quarter profit fell compared with a year ago as it faced higher severance, acquisition and other costs related mainly to job cuts. He said more than half of the total planned layoffs -- which Bell initially said would be carried out through the spring -- are complete."So the estimate on our side is that as we continue to finish that project, we'll continue to ramp up some cost savings over time."
It said this reflects an increasingly competitive market with more promotional offers, as well as reduced business customer demand. A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Nearly a month after the total solar eclipse, at least 160 cases of eye damage have been reported across the country.Scientists working in Indonesia have observed an orangutan intentionally treating a wound on their face with a medicinal plant, the first time this behavior has been documented.Scientists studying a Neanderthal woman's remains have painstakingly pieced together her skull from 200 bone fragments to understand what she may have looked like.In a first-of-its-kind case, a B.C.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
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