Bell Canada to Cut 2,500 Jobs

BCE Inc. said it is cutting about 2,500 positions at Bell Canada, representing about 6% of the unit's total workforce, as it attempts to streamline its management and lower costs. The company, which is being taken private in a $35 B private-equity deal, said it expects the cuts to save about $300MCN ($294 million) in annual costs. The cuts include a 30% reduction in exec jobs revealed earlier this month, and don't include nonmanagement positions, the company said. The moves were expected after the CEO took over from then-CEO earlier this month. BCE has more than 54,000 employees.