Media Prima Berhad (“Media Prima” or the “Group”) will proceed with its manpower rationalisation exercise as part of the next phase of its business transformation exercise announced on 1 November 2019.
The new operating structure and list of affected employees have been determined after several consultations with the Sistem Televisyen Malaysia Berhad Employees Union (“KSKSTMB”), TV3 Executive Union (“KESTMB”), National Union of Journalists Peninsular Malaysia (NSTP Branch) (“NUJ NSTP”), and National Union of Newspaper Workers (“NUNW”).
Official notifications were given to all affected employees on 16 December 2019. Compensation payments will be made in full upon completion of
internal and regulatory processes.
The Group has ensured a fair and equitable compensation governed by the Employment Act, the respective union collective agreements and employment contracts. The Group will additionally provide support which includes job outplacement services and career counselling.
The next phase of Media Prima’s business transformation exercise will include changes to the Group’s business model and internal organisation structure. This is 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.