CP to cut 25 jobs

With the loss of membership by CanWest Global and Quebecor, together with a bid to find a new business model, Canadian Press announced it was cutting 25 jobs, about eight per cent of its workforce. Buyouts if possible, layoffs if necessary. The Globe also reports (B8 national edition; I can’t find a link) that Parliament has agreed to let CP suspend its pension contributions 2009 through 2011, which has to be gloomy news for the staff.

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