TVC Gives Explanation on Sack of 145 Staff

The leadership of a prominent television station in Nigeria has released an official statement as regards the sack of several
workers.

The Board of Continental Broadcasting Services Ltd (CBS), owners of Television Continental (TVC), and Radio Continental, on
Friday laid off 145 staff.

A statement issued by the management of the media outfit said the decision was part
of its effort to restructure the enterprises.

According to the statement, the
restructuring is geared towards
repositioning the business for better and greater delivery of its services to its audiences and advertisers.

The organisation explained that in line with the changes, it would reconfigure its workforce, as part of the rationale to achieve its objectives.

“A total of 145 people are affected by Friday’s announcement,’’ the statement said.

“We wish to make clear that our core channels consisting of TVC News Nigeria, TVC Entertainment and Radio Continental,
will now become the main focus of our business going forward, where we will deliver high quality news and entertainment
programmes to our audiences and
advertisers across Nigeria and beyond.

“The winding down of TVC News Africa will allow us to concentrate on these key areas of our business,” it added.

The statement explained that the CBS Board of Directors has also approved a substantial
new investment in its staff across the group of companies which would enable it to substantially enhance its news and current
affairs output on TVC News, entertainment programming on the market, TVC general
entertainment channel and its key radio asset, Radio Continental.

“For those staff members affected by today’s announcement, the Board of CBS Ltd has
approved a generous severance package, in addition to a programme of assistance to
enable them seek new employment,’’ the statement said.

The media outfit is reportedly owned by Chief Bola Tinubu, a chieftain of the All Progressives Congress (APC) and former
governor of Lagos State.

Officials of the Nigeria Union of Journalists (NUJ) and the Radio, Television and Theatre
Workers Union of Nigeria (RATTAWU) could not be reached on telephone, as at the time
of this report, as calls and text messages to their mobile lines were not answered.