After An-Nahar, LBC, MTV & Studio Vision lays off more of their staff
While rumours circulated that MTV layed off around sixty of its staff, information director at MTV, Ghayyas Yazbeck clarified to L’Orient Le-Jour that his institution layed off only eight (8) employees.
The concerned employees were in a period of trial, some could not reconcile their job at MTV with the requirements of the other staff. Therefore we had to end our professional collaboration with them. Their departure will not affect the work at the heart of MTV which remains in very good financial health – G. Yazbeck
It was also noted that fifty (50) employees were layed off from the production branch of Studio Vision. These employees initally were part of the Rotana company; But the owner, Saudi prince Walid ben Talal, has severely reduced his financial outake due to the heavy losses in the subprime market. Hence, instead of firing the fifty employees, the owner of MTV, Michel Gabriel el Murr, has tried taking the matter in his own hands by covering for the fifty employees, till eventualy the burden was too heavy, and was forced to let go of the staff of Studio Vision.
Studio Vision is not traversing any financial crisis at the moment, and the financial situation is steady and secure“, reaffirmed Ghayyas Yazbeck.
Elsewhere, close sources has stated that twenty (20) LBCI employees had to be layed off. Most of the staff were part of LBCI’s Security Departement. These layoffs were in part to reduce the losses LBCI has to sacrifice due to the closure of their offices in Saudi Arabia.
Filed under: Lebanese Media, Strictly Lebanese | 3 Comments
Tags: Al Nahar, An-Nahar, lay offs, lays off, LBC, LBC SAT, LBCI, Lebanese Media, Michel Gabriel el Murr, MTV, Rotana, Studio Vision, Walid Bin Talal