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Disney is to cut a significant number of jobs in Hong Kong over the coming months, staff have been told.
It is understood that the plans, which have been hatching for some months, were explained formally to staff on Friday. Unconfirmed estimates of the number of job losses run from 100-150. Disney has not issued a statement, and it offered no comment when contacted by Variety.
The consolidation reflects one of the last phases of integration of the Disney and Fox businesses. Hong Kong has never been a TV hub for Disney, which operates a dispersed structure with offices in Shanghai, Mumbai, Singapore and Australia. Operating TV channels from Hong Kong was a legacy of the STAR TV business that 21st Century Fox forerunner News Corp. acquired from PCCW back in 1993.
Redundancies at Disney in Hong Kong as Fox’s Asia TV Operations Are Dispersed
Seems like Mr. Uday Shankar is process of making Mumbai based Star offices responsible for the operations of Disney in Asia Pacific.
It is understood that the plans, which have been hatching for some months, were explained formally to staff on Friday. Unconfirmed estimates of the number of job losses run from 100-150. Disney has not issued a statement, and it offered no comment when contacted by Variety.
The consolidation reflects one of the last phases of integration of the Disney and Fox businesses. Hong Kong has never been a TV hub for Disney, which operates a dispersed structure with offices in Shanghai, Mumbai, Singapore and Australia. Operating TV channels from Hong Kong was a legacy of the STAR TV business that 21st Century Fox forerunner News Corp. acquired from PCCW back in 1993.
Redundancies at Disney in Hong Kong as Fox’s Asia TV Operations Are Dispersed
Seems like Mr. Uday Shankar is process of making Mumbai based Star offices responsible for the operations of Disney in Asia Pacific.
