Telus reported their Q1 results last week and they stated that they’ve increased their “Restructuring Expenses” from $50 – $75 million to a now whopping $125 million.
Well over the past couple days they have put in motion and have offered 1,200 employees in Alberta and British Columbia have been offered buyout packages, with the hopes of cutting 300 positions. Some of the positions have moved overseas at TELUS International.
Spokesperson Shawn Hall said “We are moving a very small — moderate — amount of work overseas to help us get more efficient and remain competitive in areas of our company where we’re seeing more competition and where we’re seeing decline. But it’s not a zero-sum game. We’re increasing in Canada at the same time as we’re increasing overseas.”