TVB reduces certain staff members following operational restructuring
(5 October 2018) In response to changing business environment and operational requirements, Television Broadcasts Limited (TVB) has been undergoing a restructuring process in the past to enhance efficiency and rationalize resources. The print edition of TVB Weekly will be replaced by a digital version; one drama studio will be shut down as a result of increasing shootings on location versus in studio; and non-drama production will streamline its operation.
It has been decided to reduce a total of about 150 staff members in TVB Weekly, Production Facilities Division, Art Subdivision and Non-Drama Production, which will take effect today. The number of staff members affected represents about four per cent of our existing workforce.
“The decision to eliminate jobs is a difficult one. But it is obvious that we have to respond to changing business environment and operation needs. While we will commit to long-term investments to upgrade our production, measures must be taken to reallocate our resources to meet new and developing business requirements”, a TVB spokesman said.