Edition:
United Kingdom

Shaw Communications Says 3,300 Employees Elected To Participate In A Voluntary Departure Program


Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Shaw Communications Inc ::SHAW COMMUNICATIONS COMPLETES FIRST PHASE OF TOTAL BUSINESS TRANSFORMATION INITIATIVE.SHAW COMMUNICATIONS - ABOUT 3,300 EMPLOYEES ELECTED TO PARTICIPATE IN A VOLUNTARY DEPARTURE PROGRAM , WHICH REPRESENTS 25% OF CO'S TOTAL WORKFORCE.SHAW COMMUNICATIONS -REGARDING BUSINESS TRANSFORMATION ACTIVITIES TO-DATE,INCLUDING VDP,EXPECTS TO INCUR RESTRUCTURING CHARGE OF ABOUT $450 MILLION IN Q2.SHAW COMMUNICATIONS - SEES ANNUALIZED SAVINGS RELATED TO VOLUNTARY DEPARTURE PROGRAM TO BE ABOUT $225 MILLION, TO BE FULLY REALIZED IN FISCAL 2020.