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Shaw Buy-outs

Calgary, AB, Canada / RTBN
Shaw Buy-outs

Shaw Communications got more takers than it expected for it’s voluntary buy-out program.

The Calgary based telecommunications company announced today that 3,300 employees accepted the buy-out offer.

The works out to be 25% of the company’s total headcount.

When the buy-out program went public in late January, Shaw said 6,500 employees would be eligible for the program, and that it was expecting close to 10% of those eligible to accept the package.

Shaw also announced that it’s Chief Financial Officer would be replaces in May by business development officer Trevor English.