Media News - Friday, April 04, 2008
Sweden’s public broadcaster to cut 400 jobs
Swedish Television plans to slash about 400 jobs in a move aimed at
saving money, the public service broadcaster said Thursday. About half
of the layoffs will be made in Stockholm, with about one-third affecting
administration and management posts, the broadcaster said in a
statement. SVT also will streamline its operations into three new units
from the current eight, it said. The plan is aimed at reducing SVT's
sustainable cost level by SEK 250m (EUR 25m) within the next
two years. SVT was founded in 1956 and is a noncommercial public service
television company. It is financed by a compulsory license fee paid by
about 90 percent of Sweden's 3.4 million households.
(International Herald Tribune)
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