Eastern Television Reportedly Offers Early Retirement to Cut Staff

Eastern Television (ETTV) is reportedly exploring a voluntary early retirement program as part of efforts to streamline its operations and reduce staff numbers. The move comes amid broader downsizing trends observed across the television industry.

Sources indicate that ETTV is surveying employee interest in early retirement, with specific conditions outlined for eligibility. These include individuals aged 60 and above with at least 10 years of service, those 55 and above with 15 years of service, or any employee who has completed 25 years of service, regardless of age.

While ETTV has not officially confirmed the details, internal employees have acknowledged the existence of an early retirement plan. The exact number of employees opting for the package remains unknown. The company has already implemented several internal changes this year, including transitioning resident reporters to contract-based positions and reorganizing administrative departments to optimize staffing.