Evening Update: BCE cutting work force; Global Affairs Canada ‘aware of reports’ of missing Canadian in Gaza

Source: theglobeandmail.com theglobeandmail.com

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Good evening, let’s start with today’s top stories: BCE cutting work force by 9% in biggest restructuring in almost 30 years BCE is cutting its work force by 9 per cent, or 4,800 positions, in its largest restructuring initiative in nearly three decades. The company blames the move on a difficult economy and a regulatory requirement to open its network to competitors. BCE announced the job cuts today after a 23-per-cent drop in its fourth-quarter profit, to $435-million. This is the second round of restructuring at the telecom giant in eight months. Global Affairs Canada ‘aware of reports’ of missing...