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  • Blackberry to shut down Ottawa product development centre

    BlackBerry has laid off nearly 100 workers in Ottawa as part of employee reductions across the province.

    CBC News confirmed that in addition to the layoffs, the Ottawa Product Development Centre hardware group would be shut down.

    Workers at the centre helped develop the Bold, Blackberry 10 and Z-10 models of smartphones.

    The company had issued a statement Monday confirming the layoffs of about 120 employees in the Waterloo, Ont., area.


    More: http://www.cbc.ca/news/canada/ottawa...ntre-1.2577206

  • #2
    BlackBerry reports loss as smartphone sales keep sliding

    BlackBerry Ltd reported a quarterly loss on Friday as smartphone sales continued to slide across all regions.

    The Waterloo, Ontario-based company reported a net loss of $423 million, or 80 cents a share, for the fourth quarter ended March 1. That compared with a year-earlier profit of $98 million, or $19 cents a share.

    Revenue fell to $976 million from $2.68 billion.

    More: http://www.reuters.com/article/2014/...A2R0OH20140328

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    • #3
      Almost 200 jobs lost as Philips Canlyte closes Cornwall plant


      Almost 200 jobs will be lost in Cornwall as a lighting fixture manufacturer shuts its doors due to the growing demand for LED lights.

      Canlyte, a division of Philips Electronics, is a leading manufacturer and supplier of lighting fixtures and services. Its Cornwall plant has run for 27 years but now the work will be transferred to other plants across North America, according to Canlyte.

      The plant will close over the next 11 months affecting 190 employees.


      More: http://www.cbc.ca/news/canada/ottawa...lant-1.2631570

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      • #4
        BlackBerry to sell most of its Canadian real estate for $305M

        BlackBerry said Monday that Spear Street Capital has waived a due diligence condition in its deal to buy the majority of the smartphone company's real estate holdings in Canada for $305 million.

        The Waterloo, Ont.-based company first announced the sale in March, but did not identify the buyer or the purchase price at the time.

        BlackBerry said the companies expect to close the sale of properties valued at approximately 80 per cent of the total later this month, with the remainder to be completed in the third quarter.


        More: http://www.cbc.ca/news/canada/kitche...305m-1.2632256

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        • #5
          BlackBerry Passport: Enterprise users will be the real test

          When BlackBerry releases its new Passport phone today, the focus will be on reaction among enterprise users.

          John Chen, the man charged with turning around Waterloo, Ont.-based BlackBerry, has said the company’s future rests on rebuilding its relations with the enterprise market, long a core of its business.

          The 4.5-inch Passport is “designed from the ground up for the working professional in mind,” the company says in a blog post.


          More: http://www.cbc.ca/news/business/blac...test-1.2775674

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