Yellow Pages Limited announced that it has taken a significant step forward in its program to reduce spending to drive improvement in its key operating measure of EBITDA less capital expenditures. The company will take measures to reduce its workforce by approximately 500 positions, representing close to 18% of its employees on a consolidated basis, with reductions occurring across Canada and in all functions of the business. The company expects to incur a restructuring charge of roughly $17 million associated with these actions in the first quarter of fiscal 2018.