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CBC facing 800 layoffs

CBC executives told staff this morning that the Corporation will have to lay off 800 positions to meet a shortfall of $171 million.

Writing on inside the, blogger Paul McGrath wrote:

The plan is to raise about $125 million through the sale of assets he said. It's based on the assumption that the government will allow the CBC to keep the proceeds of those sales. But even with those sales, balancing the books "still results in 800 positions," Lacroix said.

Lacroix also said that senior managers would see a minimum 20 per cent reduction in take home pay, through bonus cutbacks, and the corporate level will face a five per cent cut across the board.

The layoffs would start over the summer months, and finish by the beginning of September.

Crawford Kilian is a contributing editor of The Tyee.

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