Αρχική iptv-news Canal confirms job cuts

Canal confirms job cuts

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Canal+ Group has confirmed the loss of 492 jobs as the French pay-TV company presented details of a project to transform its French activities.

The company says it has been responding to the “upheavals of the audiovisual sector” for several years, redefining its growth model, to become a global player both in France buy in Europe as a whole.

However, initiatives such as a new €20 entry point for Canal+ and a €3 billion annual investment if content technology hasn’t been enough to escape the global players which it says “have considerable financial strength and escape the fiscal and regulatory constraints” imposed on Canal.

Canal says the 492 jobs it wants to shed will be lost on an entirely voluntary basis.

Talks will begin shortly to establish the terms and conditions of the scheme.



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