Federal government to shed 19,000 jobs in the region

Approximately 19,000 federal public servants are expected to lose their jobs in the next three years as a result of cuts found in the 2012 budget.

Most of the full-time positions lost will be in the National Capital Region. These projections take into account the number of jobs that will not be filled after voluntary departures and retirement.

By 2014-2015, government department spending is expected to drop by a total 6.9 per cent, from approximately $75 billion to $70 billion.

Defence spending will drop by more than $2 billion between now and 2015.
The Ministry of Finance will see its annual budget slashed 16.8 per cent by the 2014-2015 fiscal year.

Other departments, such as Aboriginal Affairs and Northern Development and Veterans Affairs will see minimal cuts at 2.7 and 1.1 per cent, respectively. 
The CBC, which maintains a large bureau on Queen Street, will face a budget cut of at least $115 million.