23:46
Reported

News Brief

  8/21/2012, Elul 3, 5772

Channel 10 Board Decides to Fire 150 Employees


The board of directors of Channel 10 decided on Tuesday to cut the budget in all the company’s departments, as a result of the decision to immediately collect the channel’s debts.

According to the decision, 150 employees of the channel, its news company and Nana 10 website will be dismissed immediately. The board ordered the channel's CEO, Yoav Heldman, to submit a financial plan which includes immediate cuts and budget adjustments to make up for the round of layoffs.

Earlier on Tuesday, the channel’s employees met with Histadrut Chairman Ofer Eini, who assured them that the Histadrut would not let Channel 10 shut down, and called on the employees to ignore any dismissal letters they receive from management.