SINGAPORE - Local broadcaster and media firm MediaCorp is retrenching 33 employees and redeploying 50 others, reported Channel NewsAsia on Thursday.
The announcement was made in an internal memo sent by CEO Shaun Seow to employees on Thursday morning.
According to The Straits Times, 20 members of the Singapore Union of Broadcasting Employees (SUBE) were affected by MediaCorp's restructuring exercise.
Staff members who have been retrenched will be offered severance payments as well as outplacement support.
MediaCorp reorganised its corporate structure in response "to the evolving global media scene," Channel NewsAsia said. The company is also "redesigning processes to be more efficient, investing in technology to stay relevant as well as realigning resources to support the company’s transformation," it added.
A total of 12 workers will be offered jobs with MediaCorp's partners as part of outsourcing agreements.
One of the partners is Pansing, a book and magazine distributor, according to Channel NewsAsia.