Sorry that should have read same old capitalism, well at least Casino Capitalism for the last twenty years where job cuts have seen Wall Street investors rub their hands with glee and increase the corporate valuation of of companies that shed jobs. Now remember those Income Trusts that Monte Solberg was whining about recently. The ones that all those mythical seniors had their money in. The income trusts that are a tax shelter for corportations, executives and managers.
Well here is one that just made a profit and is cutting jobs. The reason, well it wants to make more profits. Which it can do cause now it is going to pay even lower taxes on its investment income.
One that we are familar with cause we read their newspapers and watch their TV channels daily.
Love these two conflicting headlines though they say it all;
CanWest MediaWorks profit soars on lower taxes
CanWest says rising costs may force cuts
Tags
Canada
media
CanWest
labour
unions
job cuts
CEP
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