ITN is furloughing some members of staff, while the company’s CEO and chief financial and operations officer have both taken 20 per cent pay cuts.
A spokeswoman for the broadcaster told TVBEurope the furloughed staff equates to around 3 per cent of the company.
“Our newsrooms continue to be really busy, with increased demand from our broadcast clients, as is ITN Productions,” she continued. “However, other parts of the business have been more adversely affected by the pandemic.”
The majority of staff who have been furloughed worked within ITN’s sport, industry news and advertising divisions. The spokeswoman stressed those divisions remain open, but there has been “some scaling back to reflect changes in the market. Some members of staff are working part time, some furloughed. We are still fulfilling existing contracts,” she added.
“The decision is a reflection of the market and aims to futureproof the company for the longer term while we’re in a temporary downturn.”
Both ITN’s chief executive Anna Mallett and chief financial and operations officer David Conway have taken 20 per cent pay cuts.