Aug
26
Turner Offers Staff Buyouts but Says Cuts Won't Stop There
Posted in: Uncategorized
Time Warner’s Turner Broadcasting division offered voluntary buyouts to employees in a memo on Tuesday morning, following through on growing hints from executives grappling with a ratings slide.
Voluntary buyouts will be offered to employees who are at least 55 and have been with the company at least 10 years as of Dec. 31, 2014, excluding on-air talent and employees covered by a written employment contract. That group comprises about 600 employees, who will receive emails detailing the offer.
Layoffs are expected to follow the voluntary buyouts at Turner, whose networks include TNT, TBS and CNN.
Post a Comment