Endemol Shine Group has become one of the first major independent production groups in the UK to set out plans to furlough or cut the pay of employees after coronavirus ripped through the TV busine…
Endemol Shine — which owns labels including Tiger Aspect and is in the process of being acquired by Banijay Group — is holding talks with its 370 staff in the UK about their future over the coming months.
Those workers who are furloughed will have their pay topped up if their salary falls below 50% of what they would usually earn. The government scheme pays 80% of wages up to a maximum of £2,500 a month.
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Britain's Bold Bet To Protect Jobs From Coronavirus Could Cost $50 BillionI joined Forbes as the European News Editor and will be working with the London newsroom to define our coverage of emerging businesses and leaders across the UK and Europe. Prior to joining Forbes, I worked for the news agency Storyful as its Asia Editor working from its Hong Kong bureau, and as a Senior Editor in London, where I reported on breaking news stories from around the world, with a special focus on how misinformation and disinformation spreads on social media platforms. I started my career in London as a financial journalist with Citywire and my work has appeared in the BBC, Sunday Times, and many more UK publications. Email me story ideas, or tips, to iain.martinforbes.com, or Twitter _iainmartin.
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