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3,300 Shaw employees take voluntary buyout

3,300 Shaw employees take voluntary buyout
From Global News - February 15, 2018

Shaw Communications says 3,300 of its employees have decided to take a voluntary buyout package, far above the companys original estimate. That represents about one-quarter of the companys workforce.

READ MORE: Shaw Communications offering buyouts to 6,500 Shaw and Freedom Mobile employees


In a press release posted on the companys website, Shaw said the buyouts were part of a total business transformation initiative:

Shaw has built decades of success by being a company that adapts well and shapes its future. We determine how we can improve, choose a path, and act on it. We are making the necessary changes to better serve our customers through a lean, integrated and more agile workforce, said Jay Mehr, President, Shaw Communications, in a statement.

The actual uptake falls within scenarios considered and therefore we expect the business to continue to operate in the normal course with no impact on customer experience, said Mehr in the statement.

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