MUMBAI: Zee Leisure Enterprises can be rationalising its workforce by 15%, its newest transfer to cut back prices after the cancellation of a merger cope with Sony India. It didn’t specify the precise variety of staff who can be affected by the rationalisation.
Three days in the past, its MD Punit Goenka stated he’ll take a 20% lower on his pay packet. In March, the corporate had introduced to prune headcount at its Bengaluru-based Expertise & Innovation Centre by about 50%.
After the collapse of the Zee-Sony merger, Goenka had informed the corporate’s 3,000 workers that there can be no job losses. Nevertheless, the technique now could be to have a lean and streamlined organisation. The corporate’s personnel bills stood at Rs 824 crore in FY23.
The construction will help in having an economical operational mannequin and in charting the next efficiency and profitability progress, Zee stated. Frugality, optimisation and a deal with content material are the three key tenets of the plan carried out by the administration, it added.
Three days in the past, its MD Punit Goenka stated he’ll take a 20% lower on his pay packet. In March, the corporate had introduced to prune headcount at its Bengaluru-based Expertise & Innovation Centre by about 50%.
After the collapse of the Zee-Sony merger, Goenka had informed the corporate’s 3,000 workers that there can be no job losses. Nevertheless, the technique now could be to have a lean and streamlined organisation. The corporate’s personnel bills stood at Rs 824 crore in FY23.
The construction will help in having an economical operational mannequin and in charting the next efficiency and profitability progress, Zee stated. Frugality, optimisation and a deal with content material are the three key tenets of the plan carried out by the administration, it added.