The Week: Media news - Five set to slash workforce

Five is set to axe a quarter of its staff as part of a restructuring plan.

The broadcaster, which is owned by the German company RTL, has begun a consultancy period that could impact 87 of its 354 staff. Proposed changes include the merger of its on- and off-air marketing teams into a new creative unit and the creation of a merged legal and commercial affairs department.

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