Rogers Communications says it will be offering voluntary buyout packages to roughly half of its 25,000 employees nationwide as it pushes forward with cost-cutting measures amid rising competition and pricing pressure in the wireless market.
The telecom company said the move is part of adjusting to the current business environment, noting that only some Rogers teams will be eligible for the voluntary departure and retirement packages.
“We are taking steps to adjust our cost structure to reflect the business realities of the current environment. As part of this, some teams have chosen to offer voluntary departure and retirement programs to give some employees the choice to decide whether they’d like to stay with the company or begin a new chapter,” company spokesperson Zac Carreiro wrote in an April 27 statement….