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Thu 10 Oct 2008TV3 to seek 15 redundancies as advertising slows
TV3 IS TO seek up to 15 voluntary redundancies from its 250-strong workforce as part of a move to trim €2 million annually from its cost base in response to weakening advertising revenues.
It is understood that the independent terrestrial broadcaster, which is owned by UK private equity group Doughty Hanson, will offer staff up five weeks' pay for each year of service, with no cap on the number of years that will qualify for the package.
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