United States Business Media Rupert Murdoch

August 29, 2014 12:25 AM

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United States Business Media Rupert Murdoch

Turner Broadcasting has announced to offer buyouts to its 6% employees in the U. S. The voluntary buyout program includes TNT, CNN and TBS. Some of the most senior employees will be targeted in the buyouts. The company has also announced that there will be reductions in staff.

The employees aged 55 and older who have been with the company for 10 years will be eligible for buyouts. The employees who go for buyouts will get nine weeks of salary. Apart from that, they will receive four weeks of salary for each year of employment. The motive of buyouts is to reduce the staff ...

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