TVNZ initiates $30M cost-saving plan, digital enhancement, & workforce reduction to address $30M loss.

New Zealand's public broadcaster TVNZ is initiating a strategic plan aimed at saving $30 million and enhancing digital content through its platform TVNZ+. This follows a failed Employment Court appeal and staff concerns over potential job cuts. A consultation process will explore the necessity of its traditional channels and assess changes amid challenging economic conditions. TVNZ has already reduced its workforce from 737 in 2022 to 601 in 2023, following an $85 million loss last year.

October 06, 2024
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