Monday, June 01, 2009

RTÉ on the brink of going bankrupt

The Irish Independent reports that Ireland’s public broadcaster RTÉ is losing €1m a week and will not be able to pay staff by October unless a programme of salary cuts and redundancies is implemented in the coming weeks. The newspaper says the crisis comes amid growing anger among staff at the level of pay and bonuses paid to the director-general and senior management over the past number of years.
The bankruptcy warning has come from management at the broadcaster, and the director-general Cathal Goan has cautioned that up to 300 jobs are now under threat.
(R Netherlands Media Network Weblog)
Full story at: