The Board of Continental Broadcasting Services Ltd. (CBS), owners of Television Continental (TVC) and Radio Continental has confirmed the sack of 145 workers from the organisation.
The television and radio stations are owned by Bola Ahmed Tinubu, the former governor of Lagos and an ally of President Muhammadu Buhari as well as the godfather of the current Acting President Yemi Osinbajo.
Rumours had been swirling in recent days that the broadcast company was about to send hundreds of people into the employment market.
On Friday morning, what was feared by hard working staff became an ugly reality.
A statement by Regina Whenu, Associate Consultant of Brooks + Blake PR firm, “In line with these changes we are reconfiguring our workforce as part of the rationale to achieve our objectives. 145 people will be affected by today’s announcement.”
“We wish to make clear that our core channels consisting of TVC News Nigeria, TVC Entertainment and Radio Continental will now become the main focus of our business going forward where we will deliver high-quality news and entertainment programmes to our audiences and advertisers across Nigeria and beyond.
“The winding down of TVC News Africa will allow us concentrate on these key areas of our business,” the consultants for TVC said.
The Board in the statement, however, said that those staff members affected by the sack had approved a generous severance package in addition to a programme of assistance to enable them seek new employment.