Staffers sent packing by ABC

ABC laid off an undetermined number of employees Friday in the wake of a buyout offer extended to non-union employees last December.

It was unclear how many staffers were affected by the cuts, which reportedly applied to a relatively small number of clerical personnel and mid-level staffers.

Network officials couldn’t be reached for comment.

Voluntary buyouts aplenty

Reports last month indicated that as many as 500 of 3,000 eligible employees opted to take the voluntary buyout offer as part of a companywide staff reduction (Daily Variety, Feb. 9). Outgoing ABC TV Network Group president John Sias indicated in December that layoffs could follow if not enough employees took the offer.

The network, which counted more than 5,000 employees prior to the buyout, said then that no specific goals had been established and that department heads would be responsible for evaluating their areas in regard to additional cuts. Those taking the buyout had until Feb. 5 to decide whether they would accept the package — which included extended medical benefits and a sweetened severance payout — and were scheduled to leave by Feb. 19.

Overhead reduction

The job-reduction program was initiated in response to what officials cited as the need to decrease overhead due to flat broadcast revenues. Parent company CapCities/ABC reported that net earnings dropped 28% during its recently completed fiscal year, including a “small earnings decline” at the TV network.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading