Rogers Communications Inc. will cut 4,000 to 5,000 jobs if the federal cabinet approves its attempted buyout of rival telecommunications company Shaw Communications Inc., claims Conservative MP Rick Perkins, who says he was told this information by Rogers insiders.
“Successful acquisitions obviously require job cuts and generally don’t involve job increases. And Rogers told the Competition Tribunal that it will realize efficiencies through job cuts in most areas of both companies,” Perkins told the House of Commons Standing Committee on Industry and Technology on Jan. 25, as first reported by Blacklock’s Reporter.
