ITV cutting jobs amid Brexit concerns27 October 2016
ITV is planning to cut around 120 staff in a cost-cutting move ahead of Brexit.
The cuts will affect all areas the UK broadcaster’s business, ‘shared proportionally’ across its various sectors, including production and distribution arm ITV Studios.
An ITV spokesman said, “At a time of political and economic uncertainty in our key markets, it’s important that we are in the strongest possible position to continue to invest in our strategy and to meet any challenges and opportunities ahead, as we continue to grow a successful business.”
The broadcaster is keen to underline it will continue to invest large amounts into content, including a commitment to scripted content from and for the international market.
The spokesman added, “We have taken costs out across ITV in a managed and sensible way over the last six years and we must continue to keep a tight control on spending to ensure that we are operating as efficiently and effectively as possible whilst maximising our ability to invest in the high quality programming that drives ITV’s success.”