Canada's CBC media to cut 650 jobs

April 4, 2012 at 5:05 PM

TORONTO, April 4 (UPI) -- The Canadian Broadcasting Corp. and National Film Board announced major layoffs and reductions in products Wednesday because of federal budget reductions.

The CBC issued a statement saying 650 jobs will be lost within the next three years, 475 of them this year, the Toronto Star reported.

The NFB will eliminate 73 full- and part-time jobs, The (Montreal) Gazette said.

The CBC said other savings would be attained by leasing out some of its real estate, seeking cheaper rental properties and eliminating its Russian and Brazilian short wave broadcasts. Additionally, the corporation said it would scale back television production of comedies and drama programs.

The National Film Board lost about $6.7 million, or 10 percent of its budget, and said it would close a Montreal office and two of its movie theaters in Toronto and Montreal and consolidate some of its national operations, the Gazette said.

Prior to the release of the Conservative government's budget last month, every federal department, corporation and agency was ordered to submit cost-cutting measures to reduce the national deficit.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Malia Obama spotted on the set of 'Girls' in New York City
Tiffani Thiessen gives birth to son, shares first photo on Instagram
Josh Hartnett's girlfriend Tamsin Egerton is pregnant
Stephen Colbert hosts Michigan public-access show 'Only in Monroe'
Tim McGraw is giving away 36 mortgage-free homes to veterans