Prudent housekeeping at ITV as 600 jobs to go.
Here is ITV’s Executive Chairman Michael Grade talking about the recession and the job losses that are to follow at ITV.
Listen to how many times he um’s or uh’s when he has to mention the bad news.
We will manage our way through this recession with minimal affect on our viewers uh’ um’, it’s prudent housekeeping… It’s just horrible, not what any of us come to work to do uh’, the fact is uh’, it’s made necessary by forces absolutely outside of our control.. uh’ and it’s absolutely horrible uh’ that the global recession means that we are going to have to lose valuable colleages. It’s just horrible.
Hardly sincere Mr Executive Chairman.
It comes after ITV reported pre-tax losses of £2.73 billion after it wrote down the value of assets on its balance sheet. This is 41% down on their 2007 forecast.
Pre-Tax Losses = badly run business Mr Executive Chairman, and now 600 people are paying the price for these losses.
Job losses = 600
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