By Manori Ravindran U.K. commercial broadcaster ITV has furloughed 800 staff, comprising around 15% of its local workforce.
The majority of the furloughs are staff at production arm ITV Studios, which has taken a major commercial hit during the COVID-19 pandemic, losing around 80% of its business.
The business has said it is “taking part in other schemes where appropriate” internationally, and has also instated a recruitment and salary freeze.
Since mid-March, ITV Studios has suspended most of its global productions as a result of the pandemic. The shutdown has resulted in a “significant impact on the demand for advertising across most advertising categories,” and in April, ads were down 42%, said ITV.
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