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MediaCorp implements major cost cuts
Sat, Jan 10, 2009
The Straits Times

By Robin Chan

MEDIA giant MediaCorp is instituting a range of cost-cutting measures, including mandatory days off without pay, to combat the slowdown and avert job losses.

But the company's TV and radio programmes, publications and online properties will not be affected, Channel NewsAsia (CNA) reported yesterday.

Chief executive Lucas Chow told staff in a circular yesterday that common leave days will be introduced, shorter work weeks implemented, new curbs placed on holiday entitlements and some benefits reduced.

 

 

 

 


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