Toronto Star faces financial troubles
Posted by admin | Toronto Document Storage, Toronto Self Storage |
The Toronto Star recently announced it will be cutting a total of 55 jobs due to financial woes, according to the Globe and Mail. The country's largest newspaper will be downsizing largely due to the fact the publication is unable to make enough money from advertising. About half of the jobs will come out of the Star's editorial department. In order to be able to function without most of its staff, the paper will be contracting copy editors as well as page designers through Pagemasters North America, an Australia-based outsourcing company.
A lot of companies have had to terminate their employees due to economic struggles within the past few years. Those that have been affected, whether a business manager or a laid-off employee, renting a Toronto self storage or document space to organize extra items is a good idea if they've run out of space in their own home or apartment.
The Star's publisher, John Cruickshank, said this wasn't an easy decision to make.
"These are difficult steps to take," he said. "No large metropolitan news organization in North America has been spared the intense revenue pressures that we face. It is essential that we act in a responsible manner now to secure our long-term future."
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