The pandemic has resulted in an 80 percent drop in TTC ridership and a loss of $90 million in monthly revenue.Photo – TTC
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The Toronto Transit Commission (TTC) late last week temporarily laid off 450 employees as part of a cost-cutting measure during the COVID-19 pandemic.
The pandemic has resulted in an 80 percent drop in ridership and a loss of $90 million in monthly revenue — money that was essential to sustain operations, TTC officials said in a press release.
“The decision to lay people off was made only after exploring every possibility — it was a last resort,” said TTC Chief Executive Officer Rick Leary.
In addition to the layoffs, TTC has paused salary increased for nonunion employees and will forgo hiring seasonal staff.
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