250 jobs cut at RTE
Posted: March 12th, 2011 | Author: Saddam Hussain | Filed under: By Location, UK | Tags: Montrose, RTE | No Comments »RTE is rolling out major cutbacks as it is expected to lose up to €25m this year.
The state broadcaster will be unveiling a voluntary redundancy scheme over the coming months, which could see anywhere from 50 to 250 jobs cut in a bid to rein in finances, according to high-ranking sources.
Current budget projections indicate that RTE will lose up to €25m, in comparison to just €5m last year, and sources say this greater deficit will see even more jobs lost in 2011.
Montrose insiders revealed that 50 to 60 jobs would be targeted to rein in the company’s losses, but it is believed the numbers could be closer to 250.
The average salary of an RTE employee is €61,000. The station would save €3m per year if 50 staff availed of the scheme.
From: Herald
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