WINNIPEG – Letters offering voluntary buyouts will go out Monday to thousands of Manitoba Hydro employees.
It’s all part of plans to cut 900 jobs from its workforce.
RELATED: Manitoba Hydro to cut 900 positions
A spokesperson for the crown corporation said the buyouts will be offered to most staff and will be on the table for six weeks.
In a news release Manitoba Hydro said it was the first step to “strengthen it’s financial performances” but President and CEO Kelvin Shepherd also said continued rate increases would be necessary.
RELATED: Manitoba Hydro service yards broken into: ID and uniforms taken
“Both cost reductions and revenue increases are required to address the financial challenges facing the company,” Shepherd said.
Manitoba Hydro’s debt is expected to rise to $25 billion within the next three years.
- ‘Shock and disbelief’ after Manitoba school trustee’s Indigenous comments
- ‘Super lice’ are becoming more resistant to chemical shampoos. What to use instead
- Is home ownership only for the rich now? 80% say yes in new poll
- Invasive strep: ‘Don’t wait’ to seek care, N.S. woman warns on long road to recovery
Comments