France Télévisions cuts jobs

French public broadcaster France Télévisions is set to launch a redundancy programme as it looks to cut costs.

The company is expected to shed around 900 jobs – 10% of its staff – in the next two years. This comes as the broadcaster has seen a €450m loan from the French government postponed until later this year. France Télévisions was expecting to receive the money – compensation for the ban on advertisements during primetime – this month, but the funding is subject to European Commission approval, which is expected later this year.