ITN has accepted 75 applications for voluntary redundancy in its bid to axe around 90 jobs, writes Steve Aston.
The news provider has been consulting staff over job losses since November when the option of voluntary redundancy was given to staff by ITN chief executive Stewart Purvis. ITN met with union representatives from the National Union of Journalists and Bectu last week and agreed that the company would seek further volunteers to make up the remainder of jobs to be shed. It will hold a further meeting with unions this Thursday. ITN employs around 1,000 staff across its business.
The decision to cut jobs followed a new six-year deal with ITV in November to supply its news service at around£35m per year,£11m per year less than previously. ITN has also been hit by the economic downturn and multi-million pound losses from the ITN News Channel, which has yet to break even.