RE:RE:The Selling of 45 Radio Stations...Selling non-core assets will have a quicker effect on the bottom line than cost cutting through layoffs less the severance packages.
Still, BCE did state that this year 2024, they should save $150-$200 million through layoffs alone, and I would think that includes Severance Packages.
That's a lot of money in savings this year, with $250 million in savings next year and annually afterwards. The increase in savings next year I believe is due to no more severances being paid due to the layoffs.
The sale of non-core assets will help reduce debt as the S&P Report stated and not only help sustain dividend, but maintain their credit ratings.