Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Programming And Broadcasting Activities
60 - Programming and broadcasting activities

315 jobs
Number of planned job losses
Job loss
Announcement Date
14 October 2002
Employment effect (start)
Foreseen end date
1 June 2003

Description

OpenTV, one of the worldÂ’s leading interactive television companies, announced a comprehensive plan to restructure its global operations in an effort to reduce expenses significantly and better position the company in light of the current economic environment in the cable and satellite industries. As a result, OpenTV will reduce its overall headcount by 315 positions, or approximately 47 percent of its total workforce, and close eight regional offices.


Sources

Citation

Eurofound (2002), Open TV, Internal restructuring in World, factsheet number 59562, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59562.