Zimbabwe Broadcasting Corporation (ZBC) plans to slash over 200 employees owing to cost-cutting strategy, reported NewsDay. ZBC is likely to save over USD5 million by getting rid of overheads.
According to documents obtained by NewsDay, ZBC needs over USD2,3 million to retrench 17 managers compared to USD2 million to retrench 165 workers. However, ZBC has not confirmed the news.
Workers’ retrenchment packages ranged from USD4 000 to USD37 000 for a senior cameraperson who had served the company for 34 years, added the report.