Media Prima Berhad and officers from the respective unions, namely, National Union of Journalists (“NUJ”) NSTP Branch, National Union of Newspaper Workers (“NUNW”) NSTP Branch, Kesatuan Sekerja Kakitangan Sistem Televisyen Malaysia Berhad (“KSKSTMB”), and Kesatuan Eksekutif Sistem Televisyen Malaysia Berhad (“KESTMB”), are working closely on the execution of the business transformation plan announced by the Group on 1 November 2019.
This is to ensure that the process is transparent and all obligations to affected employees are given the utmost priority.
All parties have reached an understanding that a fair and equitable compensation governed by the law and the respective union Collective Agreements will be adhered to.
Media Prima had announced earlier that it will embark on the next phase of its business transformation plan.
This includes changing its business model and restructuring internally to enable the Group to be future-proofed and sustainable given the uncertain macroeconomic conditions and disruptive changes in the global and local media sector.
In addition to a fair and equitable compensation, the Group will provide support to employees which includes job outplacement services and career counselling.