Regional radio broadcaster Grant Broadcasters has cut jobs in response to the coronavirus pandemic’s impact on the market.
The company’s senior executive team has also accepted a reduction in their base remuneration, as it prepares for its advertising business to take a hit as a result of nation-wide restrictions on social gatherings.
While the business hasn’t specified figures, it says a “small number” of redundancies have been made.
“Like all other media, Grant Broadcasters is experiencing a significant downturn in revenue as a result of the restrictions placed on businesses and outdoor activities,” says CEO Alison Cameron.
“We have taken prudent measures to ensure that we can retain as many staff as possible through these trying times. We are committed to making sure that we give our people the best possible individual support, as well as continuing to provide the most relevant news and content to our local communities.”
The broadcaster is hoping the government’s upcoming package to assist workers will help it retain staff, but says further cuts could be made depending on the announcement.
In further cost-saving measures, Grant Broadcasters has also reduced its number of casual staff, travel and client hospitality.
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