Montreal-based La Presse is seeking to cut 37 jobs as part of cost-cutting operations.
Management of the French-language media organization met with employees Thursday morning to announce they were seeking voluntary departures.
READ MORE: Montreal’s La Presse officially adopts not-for-profit structure
La Presse has a total of 550 employees, with 230 of them in its newsroom.
The move comes less than six months after the newspaper officially adopted a not-for-profit structure. Power Corp., which owned La Presse, agreed to grant $50 million to the new venture.
![For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.](https://globalnews.ca/wp-content/themes/shaw-globalnews/images/skyline/national.jpg)
Get breaking National news
WATCH: La Presse goes non-profit
![Click to play video: 'Focus Montreal: ‘La Presse’ goes non-profit'](https://i0.wp.com/media.globalnews.ca/videostatic/737/230/gnm05102018focuspart1_low_16x9_848x480_1232352323721.jpg?w=1040&quality=70&strip=all)
In May, the Quebec government paved the way for the change by fast-tracking a provision of an act adopted in 1967 regarding La Presse’s ownership.
At the time, La Presse described the not-for-profit structure as a “modern approach” and added it was adapted to the realities of present-day media.
The media organization also ceased publishing print editions on Dec. 30, 2017, opting instead to publish content on its digital platforms.
— with files from the Canadian Press
Comments