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TELUS EXTENDS BUYOUTS TO EMPLOYEES

Burnaby, British Columbia -- Telus is offering early retirement and voluntary departure packages to approximately 1...


June 10, 2002  


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Burnaby, British Columbia — Telus is offering early retirement and voluntary departure packages to approximately 11,000 union employees.

The voluntary offers are being extended to 11,000 unionized British Columbia and Alberta employees of Telus and Telus Mobility. All other employees are not eligible for the offer. Telus currently employs approximately 28,000 employees.

“This program will support our growth strategy, allowing Telus to improve its profitability and quality of customer service despite the adverse financial impact of recent regulatory decisions,” says Darren Entwistle, Telus president and CEO.

The incentive program includes features such as new business venture consultations, a business idea database and assistance with business plan development and business registration.

The number of employees choosing to participate in the offers will be announced after the offers expire in October 2002.


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