TVB to Fire Over 100 Employees
With declining ratings in its own dramas, TVB has been increasingly broadcasting Mainland Chinese dramas. TVB’s new emphasis will be to joint-produce dramas with other companies, thus reducing the need for studio filming space. To minimize costs further, Hong Kong’s biggest television station will also be firing over 100 employees across various departments.
An employee at TVB confirmed that the station will shutter studio #16 after filming producer Lau Ka Ho‘s (劉家豪) The Solution Expert <解決師>, which stars Vincent Wong (王浩信) and Natalie Tong (唐詩詠). The studio will then be leased out to other production companies for a fee, along with the use of props and equipment.
As part of the company-wide cost-cutting measures, over 100 employees are expected to be fired next week. Speaking with HK01, a TVB employee confirmed that he had received notice of the company’s intention to cut 10 percent of its staff. The employees being let go include 20 to 30 who work in studio #16, as well as employees in the broadcasting, and international operations departments.
Source: HK01 [1,2]
This article is written by Jayne for JayneStars.com.