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Bell CEO blames 91Ƶshifting viewing habits91Ƶ for thousands of job cuts

Bibic called before Parliament after the company announced 4,800 job cuts in February
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BCE chief executive Mirko Bibic is to give a speech to the Canadian Club Toronto Monday. Bibic speaks during a CRTC hearing on Wednesday, Feb. 19, 2020. THE CANADIAN PRESS/Justin Tang

As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians91Ƶ viewing habits away from traditional TV.

Liberals, Conservatives and New Democrats grilled CEO Mirko Bibic during often combative exchanges at a meeting of the House of Commons heritage committee on Thursday afternoon.

Parliamentarians had ordered him to appear and answer for the cuts, which affect nine per cent of BCE Inc.91Ƶs workforce.

In February, the company announced it was cutting some 4,800 jobs, ending multiple television newscasts and selling off 45 of its 103 radio stations.

91ƵThe idea you saw fit to take substantial bonuses and equity packages at a time your workers, employees and journalists could have had their jobs saved is a bit disappointing,91Ƶ Liberal MP Taleeb Noormohamed told Bibic.

91ƵI think it91Ƶs important to think about Canadians, particularly those who subsidized your company for so long.91Ƶ

Conservative heritage critic Rachael Thomas said it91Ƶs 91Ƶreally rich91Ƶ for a company worth $40 billion that received government subsidies to lay off its workers.

She accused Bibic of evading her questions, saying it made the CEO look 91Ƶshady.91Ƶ

91ƵYou have not been able to answer a single one of my questions directly today,91Ƶ Thomas said.

Bibic defended his company, blaming factors like productivity, inflation and delays in the implementation of the federal Online Streaming Act 91Ƶ a new law meant to level the playing field between traditional broadcasters and streaming companies, under which Bell is benefiting from significant regulatory relief.

He told MPs that the media ecosystem in Canada 91Ƶis in crisis.91Ƶ

91ƵThe industry is in flux due to technological disruption, changing viewer habits, shifting advertiser demand and vigorous competition from foreign web giants who are not subject to the same costly regulations as Canadian broadcasters,91Ƶ Bibic said.

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