68 jobs to go at TVNZ as staff told about proposed job cuts, future of news

TVNZ will cut 68 jobs in a proposal presented to staff on Thursday morning.

The state broadcaster confirmed the new structure would be in place by "early April."

On Wednesday, the state broadcaster revealed it was to make an announcement about the future of its news.

The New Zealand Herald reported a well-connected industry source saying around 60 jobs could be cut in a proposal aimed at reducing head count and bringing costs down.

That would equate to around 10 percent of the total workforce. 

It also reported some cuts would come from other areas, saying the TV2 flagship show Shortland Street was also under review, due to the millions of dollars invested in it by the company.

The announcement comes after TVNZ flagged further cost cutting as it posted a first half-year loss linked to reduced revenue and asset write offs.

The state owned broadcaster's interim financial results show that its total revenue has fallen 13.5 percent from last year to $155.9 million.

Its net loss for the six months ended December was $16.8m. That compared with a profit of $4.8m the year before.

The news of potential job cuts at the state broadcaster comes just over a week after Warner Bros. Discovery presented a proposal to cut around 300 jobs across its New Zealand operation, signalling the Newshub newsroom would be shut down.

TVNZ will cut 68 jobs in a proposal presented to staff on Thursday morning.

The state broadcaster confirmed the new structure would be in place by "early April."

On Wednesday, the state broadcaster revealed it was to make an announcement about the future of its news.

The New Zealand Herald reported a well-connected industry source saying around 60 jobs could be cut in a proposal aimed at reducing head count and bringing costs down.

That would equate to around 10 percent of the total workforce. 

It also reported some cuts would come from other areas, saying the TV2 flagship show Shortland Street was also under review, due to the millions of dollars invested in it by the company.

The announcement comes after TVNZ flagged further cost cutting as it posted a first half-year loss linked to reduced revenue and asset write offs.

The state owned broadcaster's interim financial results show that its total revenue has fallen 13.5 percent from last year to $155.9 million.

Its net loss for the six months ended December was $16.8m. That compared with a profit of $4.8m the year before.

The news of potential job cuts at the state broadcaster comes just over a week after Warner Bros. Discovery presented a proposal to cut around 300 jobs across its New Zealand operation, signalling the Newshub newsroom would be shut down.

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