Click For Photo: https://d1nslcd7m2225b.cloudfront.net/Pictures/2000x2000fit/0/1/3/1306013_canal-plus-logo.jpg
France’s beleaguered pay-TV group Canal Plus has confirmed it is planning to axe up to 500 jobs.
The group said it had unveiled details of the planned job losses at a special presentation to employee representatives of a “global transformation project”.
Body - Cuts - Staff - Response - Upheavals
The body said the cuts to staff were in response to the “upheavals” shaking the audiovisual sector and the professions related to it.
The announcement comes amid a difficult time for the group which has seen subscriptions tumble to below five million in the face of rising competition from global platforms like Netflix.
Canal - Plus - Group - Growth - Model
“The Canal Plus Group has been committed to redefining its growth model for several years in order to become a world player for French and European culture,” it said in a statement.
“In the framework, the company has accelerated the development of its international activities and kicked off a move into digital to give clients an original, attractive and renewed experience.”
It listed a number...
(Excerpt) Read more at: Screen
Wake Up To Breaking News!
Been there, done that, twice...