CNBC Africa restructuring, retrenching staff
CNBC Africa, the financial and business television network, is in the process of an organisational restructure that will result in job losses at the broadcaster, Alexander Leibner, CNBC Africa marketing manager, has confirmed to Bizcommunity.com.
According to Leibner, the company proposes to restructure its staffing levels and to streamline its business “in order to meet its actual and forecasted business levels in 2011 and thereafter”.
“As in any star-up, our business has grown significantly over the last four years,” says Liebner. “Operational inefficiencies resulting from an excess in staffing have arisen in a number of areas. The exercise to optimise the company’s operation is primarily structural rather than economic.
“The restructuring process is being facilitated by the CCMA and the restructuring which takes place, if any, will impact on only a few people in our Johannesburg office.”
Asked to clarify the number of people possibly affected, placed as high as 35% by one source, Leibner said the final number will only be determined once the legal process is completed though the CCMA’s facilitation.
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