ITV brings in consultants to cut costs
LONDON - ITV has hired management consultants Boston Consulting Group to find cost savings and operational improvements at its commercial and global content division, according to reports.
The Sunday Telegraph claims that BCG was first brought into the company by former managing director of global content Dawn Airey to help restructure her division, before her departure from ITV to join Five in April.
ADVERTISEMENT
The findings from this exercise will be presented to staff in July and are expected to trigger job losses at the division, now headed by Lee Bartlett.
ITV has now asked BCG to look at the 500-strong sales and marketing division headed by Rupert Howell.
John Cresswell, chief operating officer at ITV, has told shareholders he wants to achieve cost savings above the £41m cuts already promised by the end of this year, and £40m saved by reducing regional news services.
BCG has recently been working at News International and last year carried out a project at Emap that resulted in a slew of redundancies.
ITV: brings in BCG for cost savings
Tags
- United Kingdom |
- Europe |
- ITV |
- Digital Media |
- Television |
- Entertainment |
- Media
Jobs
- Digital Content Manager, Sage UK Limited
- , North East England
- Account Manager, Livewire PR
- £27-33K, West London
- MARKETING MANAGER :: INTERNATIONAL PROPERTY COMPANY, Dylan*
- Up to £55k + fantastic bens, Central London
- STAFFING AGENCY :: INTEGRATED AGENCY, Dylan*
- ,
Comments
Keith Geddes - 16/06/2008
Share holders. I help pay for ITV by putting up with adverts. So ITV cant sort its own problems out. Or a case of.. `I`m so sorry you have to leave.. if it was up to me.....` Passing the buck as usual at what cost. £41M... how much for the consultants. I`m sick of hearing about cuts.. they destroy any real talent.. any creativity.. so ITV is going the way of the BBC.. of which what is left?