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Old 09-30-2016, 10:31 AM   #610
FlameOn
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Join Date: Oct 2010
Location: Calgary
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Still 180 at home right now. Seems to be fine, they might be doing work in your area.

Package is apparently killing Telus financially at the moment. Looks like they over-committed in the dividend payout.

Quote:
Telus Corp. is trying to impose a three-year wage freeze for thousands of its employees as the Canadian wireless carrier works to control costs amid renewed competition from Shaw Communications Inc. and an economic downturn in its key market of Alberta.

Telus is proposing lump-sum payments instead of annual wage increases for the first half of a six-year contract, according to bargaining updates from the Telecommunications Workers Union. The one-time payments would range from $8,500 to $19,000, according to a Sept. 15 union update.

The labour talks come as Canada’s third-biggest telecommunications company is juggling a long list of challenges. The Vancouver-based firm faces increased competition from Shaw Communications on wireless and home internet service. It also pledged to increase dividend payments to shareholders while investing $2.85 billion this year alone in network improvements.
http://business.financialpost.com/fp...ications-looms
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