BCE Disclosed Plans to Downsize 9% of Employees or Close to 4,800 Positions
Portfolio Pulse from Benzinga Newsdesk
BCE Inc. announced its Q4 and full-year 2023 results, 2024 financial guidance with a 3.1% dividend increase, and a major workforce restructuring reducing 9% of its employees, totaling 4,800 positions.
February 08, 2024 | 12:10 pm
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BCE Inc. announced a dividend increase and a significant workforce reduction as part of its restructuring plan.
The announcement of a dividend increase is generally viewed positively by investors as it signals confidence in the company's financial health. However, the significant workforce reduction, while potentially improving operational efficiency and reducing costs in the long term, may have a mixed short-term impact due to concerns over the reasons behind the need for such a large-scale restructuring and its immediate financial implications.
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