Jobs to go following Foxtel review

Foxtel will cut a number of jobs after a review of its operations, but isn’t saying how many positions are impacted.

Redundancies are in addition to those coming from the closure of Presto, with staff told this week.

Yesterday it was reported the decision to shut down Presto would cost the News Corp / Telstra company $AU27 million.

Foxtel CEO Peter Tonagh said, “To help achieve this strategy we have conducted a review of aspects of our business to ensure that Foxtel is as efficient and agile as possible. In particular we have looked to simplify structures, clarify reporting lines, remove areas of duplication and overlap, and cease activities that do not assist in advancing our strategy.

“As a result of this review, we have determined that a number of structural changes need to be made in the business and this has resulted in some employees being informed this week that their positions will be made redundant.

“It is always difficult when friends and colleagues leave a business in this way. We are talking to all affected employees and where there are redeployment possibilities we will explore them, otherwise we will provide career transition advice and support.”

Foxtel is to migrate its Presto subscribers to a revamped Foxtel Play next month ahead of Presto closing in January.

Source: AFR.com.au