BUSINESS

Alleged CBC Plan To Sell All Of Its Properties 'Makes No Sense': Union

09/22/2015 11:16 EDT | Updated 09/23/2015 05:59 EDT

The union that represents CBC employees is questioning why the Canadian Broadcasting Corporation is planning on selling all of its properties across the country.

The Canadian Media Guild released a statement alleging that the CBC announced to its staff Tuesday it will sell every single one of its buildings and studios. The reports have not been confirmed by the CBC.

"The decision to close down production centres is of great concern for our members as it should be for all Canadians, and seriously jeopardizes the CBC's ability to do meaningful production in the future," Marc-Philippe Laurin, CBC branch president for the union, stated.

Ian Morrison, spokesman for Friends of Canadian Broadcasting, told the Toronto Star he had not heard the news, but compared the supposed move to "burning the furniture to heat the home."

This spring, the Globe and Mail said that the corporation was considering selling its downtown Vancouver broadcast centre, valued at $57 million. Brokers were also reportedly helping to explore offloading its Toronto flagship headquarters on Front Street, said the Star.

Earlier this month, CBC president Hubert Lacroix said the public broadcaster was at risk of "being boiled to death" amid funding cuts from the government.

In Tuesday's statement, the CMG's national president Carmel Smyth went on to say the reported decision to sell "makes no sense" when three of four national parties are promising to restore CBC funding if they're elected in October.

Under tight budget restraints, the union reports CBC has cut more than 2,800 jobs since 2008.

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