Quebecor Media Group restructures
Quebecor Media Group of Montreal has announced changes to its organizational structure that will result in the elimination of 220 positions at the company. This represents approximately eight percent of its workforce and will mainly consist of managers and administrative support staff. According to Quebecor, the changes will enable it to "maintain its lead in news and content production and keep focusing on its flagship brands."
As part of this resturcturing, local sales will now be handled by Quebecor Media's existing Advertising Network unit, which handles national sales for the company. In addition, the magazines Chez soi and Tellement bon will cease publication.
"In Quebec, as elsewhere in the world, our industry is facing ongoing disruption," said Julie Tremblay, president and CEO of Quebecor Media Group. "We have therefore taken a number of initiatives over the past two years to adapt to the changes, including the creation of Quebecor Media Group, an integrated media company, and the acquisition and sale of various properties. Today it is clear that we must continue our transformation in order to further adjust structural costs and become more agile."