ITV to cut 120 jobs over Brexit “uncertainty”
UK broadcaster cites political and economic uncertainty as it confirms 120 jobs to go in a cost-cutting drive.
- Published by David Knox
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ITV is cutting some 120 staff in a cost-cutting drive, amid Brexit-driven uncertainty.
Cuts will made across its 3000 staff, a saving of £25 million ($AU40m) in the 2017 financial year, which it announced in July. At the time it confirmed “some” job cuts could be involved.
An ITV spokesman said, “At a time of political and economic uncertainty in our key markets, it’s important that we are in the strongest possible position to continue to invest in our strategy and to meet any challenges and opportunities ahead, as we continue to grow a successful business.”
The broadcaster is keen to underline it will continue to invest large amounts into content including a commitment to scripted content from and for the international market.
“We have taken costs out across ITV in a managed and sensible way over the last six years and we must continue to keep a tight control on spending to ensure that we are operating as efficiently and effectively as possible whilst maximising our ability to invest in the high quality programming that drives ITV’s success,” the spokesperson added.
Source: TBI Vision