Hong Kong’s TVB cuts 150 jobs in restructuring efforts
Hong Kong commercial broadcaster Television Broadcasts Limited (TVB) has trimmed 150 jobs as part of its wider restructuring move.
The cuts account for around 4% of the broadcaster’s workforce and and can be attributed to evolving business needs.
According to reports, the cuts affect TVB’s unscripted production, arts department, production facilities division, and the magazine, TVB Weekly, as well as one of its drama studios, as it shifts production to shoot on location.
Previously, some 100 employees were made redundant during TVB’s first round of lay offs in June.
In August, TVB executive director and group CEO Mark Lee Po-on said the company will cut around 200 jobs by the end of 2018, affecting some 5% of TVB’s 3,900-strong workforce.