French public broadcaster France Télévisions is to axe 600 jobs, as part of a plan to reduce annual costs by €275 million (US$367 million) by 2015.
Rémy Pflimlin, president of the France Télévisions group, unveiled details of the voluntary redundancy scheme yesterday (August 27), at a press briefing in Paris.
The broadcaster said staff numbers have already decreased by 500 so far in 2013, and between now and 2013, the overall number of employees will fall below 10,000, with only 9,750 jobs remaining. Last year, the company had nearly 11,000 employees.
The cuts come with the pubcaster, which has an annual budget of roughly €2.5 billion, having seen a decline in its public funding allocation this year and a decline in ad revenues. France Télévisions stands to have a loss of €40 million in 2013.
While cuts will be across the board, Pflimlin said that digital will be the most protected area of the company.