Business

South African Broadcasting Corporation to Lay Off 600 Staff

Published

on

South African Broadcasting Corporation Plans to Cut 600 Jobs

South African Broadcasting Corporation (SABC), a leading broadcasting corporation, said it has notified about 600 staff of possible lay off as it struggles to stabilise its finances.

In a statement released by the corporation, “The notice follows the launch of the SABC’s new Target Operating Model – a strategic renewal initiative aimed at transforming the corporation into a financially sustainable, self-sufficient and fit-for-purpose public broadcaster.”

In the 2018/2019 financial year, SABC lost a total of 482 million rand ($27.77 million), more than the 744 million rand lost in 2017/18. Earlier this year, the South African government gave the broadcaster 3.2 billion rand.

With over 3,167 permanent employees and 1,500 independent contractors, staff salary remains the corporation’s biggest expenditure.

Exit mobile version