It was already announced that the CBC was going to try and make up some of its shortfall by cutting jobs and salaries, rather than adding U.S. shows or commercials. All that happened today is that they made it official and gave a few more details (not many, really) about where they cuts are going to come. But the official news is still very dispiriting to read.
“I wish I could be standing here in better circumstances,” CBC President Hubert Lacroix said, but “these are tough times for the public broadcaster.” He said, “we need $171 million to balance our budget, which will mean 800 positions.”
The plan is to raise about $125 million through the sale of assets he said. It’s based on the assumption that the government will allow the CBC to keep the proceeds of those sales. But even with those sales, balancing the books “still results in 800 positions,” Lacroix said.
Lacroix also said that the most senior managers would see a minimum 20 per cent reduction in take home pay, through bonus cutbacks, and the corporate level will face a five per cent cut across the board.
The layoffs would start over the summer months, and finish by the beginning of September.