As the newspaper industry continues to struggle, things took a turn for the worst today as Sun Media announced it has cut approximately 200 positions across the organization, of which about a quarter will come from editorial. As part of the announcement, Sun also re-iterated its restructuring and optimization plans to embrace the digital industry.
“It is very tough to announce job cuts,” said Julie Tremblay, President and CEO of Sun Media Corporation. “But as distressing as they are for the employees involved, these restructuring initiatives are necessary to maintain our leading position and ensure the Corporation’s sustainability. We truly regret this decision’s impact on the professionals who are leaving our organization. We thank each and every one of them and we wish them every success.”
Can’t say the writing wasn’t on the wall with this one….
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