South Africa’s SABC Set To Lay Off 33% Of Staff And Shut Down Five Offices -Reports
Other interventions being explored by the SABC include dissolving SABC Sport and doing away with 19 general manager positions.
The SABC also said that it had amended and tailored its turnaround plan in an effort to gain support from the Department of Communications and the Treasury.
The Sunday Times said that the plan would be effective starting from August when group executives would reveal their ideas on how they will decrease employee costs by 30%.
The SABC’s financial woes are severe, and if it fails to receive a bailout from the government, it may be forced off the air.
At the end of May, the broadcaster found itself in a situation where it had to choose between paying its municipal bills or employee salaries. The state broadcaster ultimately decided to pay salaries and incurred a debt of close to $970 000.00 to the City of Johannesburg.
The SABC has stated on many occasions that it urgently needs a loan bailout from the government in order to start creating a sustainable business, with the looming shut down remaining a real possibility in the near future.
Credit: This article originated from www.mybroadband.co.za