- Category: Economic
- Published Tuesday, January 19, 2016
- CTV News
TORONTO -- The union representing workers at Postmedia says the media company has dismissed 90 staff and merged several newsrooms as part of a round of layoffs announced Tuesday.
Postmedia owns two newspapers in each of the cities of Ottawa, Calgary, Edmonton and Vancouver.
The Canadian branch of the Communications Workers of America posted a memo from Postmedia CEO Paul Godfrey that says effective immediately, each of those cities will have one newsroom for its two newspapers.
Stephanie Coombs announced on Twitter her departure as managing editor of the Edmonton Journal and said that editor-in-chief Margo Goodhand was also leaving as a result of the cuts.
National Post sports reporters David Alter and Eric Koreen, as well as the sports department's web producer Kaitlyn McGrath, tweeted that they were also affected by the cutbacks.
The cuts come less than a week after Postmedia announced it was stepping up its efforts to cut costs amid continued losses in advertising, print circulation and digital media revenue.
The company, which owns the National Post, the Toronto Sun and other major Canadian newspapers, is now aiming for cost reductions of $80 million by mid-2017 -- up from its previous goal of $50 million in cuts by the end of 2017.
Postmedia said it was on track to meet the $50-million target by this May 31, the end of its fiscal third quarter.