Type
Internal restructuring
Country
United Kingdom
Region
London; Inner London; Inner London - West
Location of affected unit(s)
Sector
Media
Programming, broadcasting, news agency and other content distribution activities
Programming, broadcasting, news agency and other content distribution activities
60 - Programming, broadcasting, news agency and other content distribution activities

87 jobs
Number of planned job losses
Job loss
Announcement Date
5 March 2009
Employment effect (start)
Foreseen end date

Description

Channel 5, a television broadcaster, is to cut around a quarter of its workforce. The London-based company, which employs 354 people, is to cut 87 staff as it attempts to reduce costs to meet its falling advertising revenue. As of 8 March 2009 no details have been released as to when these jobs will be cut.


Sources

Citation

Eurofound (2009), Channel 5, Internal restructuring in United Kingdom, factsheet number 68444, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68444.