Hundreds to lose jobs as Nation Media closes TV, three radio stations
30 June 2016, 12:05
Nairobi - Over 500 workers at Nation Media Group (NMG) will lose their jobs after the firm announced closure of four of its broadcasting outlets.
NMG in a memo addressed to staff Thursday said it will close down its two radio station and one TV station.
“We wish to announce the rationalization of our broadcasting division. We are scaling down on our traditional radio business in Kenya, Nation FM and QFM and Rwanda’s KFM,” read the memo signed by NMG group CEO, Joe Muganda.
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He explained that QTV will be merged with NTV to create a strong multi-lingual TV station under groups popular flagship brand NTV.
“Regrettably, this will result in a reduction of our workforce through job redundancies. We do recognise that today’s announcement will be difficult for the affected employees and their families. This exercise will be carried out with due respect to our employees and within the Kenyan laws. We will strive to provide all the necessary support to help them manage through this transition,” Muganda explained.
Among those expected to lose their jobs are news anchors, reporters, producers, camera men and women and even drivers.
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