Home / Arts & Entertainment / News Tools: Save | Print | E-mail | Most Read | Comment
TVB to cut 7% of its staff
Adjust font size:

In what TVB general manager Stephen Chan Chi-wan termed a "painful decision," the Hong Kong broadcaster on Monday announced a 7% reduction in its workforce, local media reported.The move will eliminate 212 staffers across "all departments and levels."

The majority of redundancies will come from production resources departments, including behind the scenes personnel from wardrobe, set construction, hair and makeup, as well as administrative staff, Chan said in a widely reported statement.

The broadcaster said that it had been adversely affected by the financial crisis and needed to adjust its human resources accordingly. "This is a painful decision. None of us want this to happen, but we still have a responsibility to shareholders, and we are just trying to lessen any adverse effects," said Chan.

Layoffs have been anticipated at TVB since news in early November that the territory's second free-to-air broadcaster Asia Television (ATV) was firing 63 staff. According to ATV VP Kwong Hoi-ying, the layoffs were necessary due to declining advertising revenue.

The TVB move nevertheless brought condemnation, with several trade unions holding small scale demonstrations outside the broadcaster's Television City studio complex.

(Agencies/CRI December 2, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
A Western media myth (II)
How an NGO worked together with the Western media to create an Olympic myth that passed into the realm of "established fact".
More
Related >>
- HK TVB's 41st anniversary celebration
- Moonlight highlights TVB yearly roundup
- TVB stars to cover Olympic news
- TVB's actors record Beijing Olympic song
- HK singer Eason Chan rules TVB music awards
Most Read >>
- Michelle Reis' 1st public appearance after wedding
- Michelle Reis to marry Julian Hui
- Actress Michelle Reis marries biz tycoon
- Stills from All About Women
- Hsu Chi: sexy baby in summer
- International Forum on the Daodejing
- Experience China in South Africa
- Zheng He: 600 Years On
- Three Gorges: Journey Through Time
- Famous Bells in China