Sun Media cuts jobs

Canadian Media giant, Sun Media has slashed it's operating budget, thus cutting jobs in the field.

 

In a report by CBC News, Sun Media Corp will be cutting 360 jobs and closing down 11 publications throughout the country.

 

The company announced on Tuesday that it is acting to invest more into digital newspapers to attract younger readers.

 

In addition to the 11 publications closing their doors, the 24 Hours free daily will be discontinued in Ottawa, Calgary & Edmonton.

 

Sun Media Corp is expect to save 55 million dollars with these cuts. The cuts mean that eight per cent of the companies workforce will be getting pink slips in the near future.