TVNZ is planning to cut up to 68 jobs in a proposal presented to staff on Thursday morning.
The state broadcaster said if confirmed, the new structure would be in place by "early April".
It would mean around 9 percent of the company's total workforce would be impacted. However, the company did not reveal details of which roles would be axed or how its news products would be affected.
TVNZ said it would begin consulting with staff tomorrow about the proposal. It is understood those who have been affected by the planned changes would be sent invites today for meetings tomorrow.
In a statement, TVNZ Chief Executive Jodi O'Donnell said there were "no easy answers" as tough economic conditions and structural challenges within the media industry impacted revenue for the company.
"TVNZ's executive team has focused on reducing operating costs over the last 12 months. Unfortunately, we're now at the point where we need to reduce the size of our team to bring our costs more in line with our revenue," said O'Donnell.
"Changes like the ones we're proposing are incredibly hard, but we need to ensure we're in a stronger position to transform the business to meet the needs of our viewers in a digital world.
"There are no easy answers, and media organisations locally and globally are grappling with the same issues."
O'Donnell said feedback would be collected over the next few weeks before a final decisions was made.
On Wednesday, the state broadcaster revealed it was to make an announcement about the future of its news product.
The New Zealand Herald reported a "well-connected industry source" saying around 60 jobs could be cut in a proposal aimed at reducing head count and bringing costs down.
It also reported some cuts would come from other areas, saying flagship TV2 show Shortland Street was also under review due to the millions of dollars invested in it by the company.
The announcement comes after TVNZ flagged further cost cutting as it posted a first half-year loss linked to reduced revenue and asset write offs. Its interim financial results show its total revenue has fallen 13.5 percent from last year to $155.9 million.
Its net loss for the six months ended December was $16.8 million. That compared with a profit of $4.8 million the year before.
The news of proposed job cuts at the state broadcaster comes just over a week after Warner Bros. Discovery presented a proposal to cut around 300 jobs across its New Zealand operation, signalling the Newshub newsroom would be shut down.
TVNZ is planning to cut up to 68 jobs in a proposal presented to staff on Thursday morning.
The state broadcaster said if confirmed, the new structure would be in place by "early April".
It would mean around 9 percent of the company's total workforce would be impacted. However, the company did not reveal details of which roles would be axed or how its news products would be affected.
TVNZ said it would begin consulting with staff tomorrow about the proposal. It is understood those who have been affected by the planned changes would be sent invites today for meetings tomorrow.
In a statement, TVNZ Chief Executive Jodi O'Donnell said there were "no easy answers" as tough economic conditions and structural challenges within the media industry impacted revenue for the company.
"TVNZ's executive team has focused on reducing operating costs over the last 12 months. Unfortunately, we're now at the point where we need to reduce the size of our team to bring our costs more in line with our revenue," said O'Donnell.
"Changes like the ones we're proposing are incredibly hard, but we need to ensure we're in a stronger position to transform the business to meet the needs of our viewers in a digital world.
"There are no easy answers, and media organisations locally and globally are grappling with the same issues."
O'Donnell said feedback would be collected over the next few weeks before a final decisions was made.
On Wednesday, the state broadcaster revealed it was to make an announcement about the future of its news product.
The New Zealand Herald reported a "well-connected industry source" saying around 60 jobs could be cut in a proposal aimed at reducing head count and bringing costs down.
It also reported some cuts would come from other areas, saying flagship TV2 show Shortland Street was also under review due to the millions of dollars invested in it by the company.
The announcement comes after TVNZ flagged further cost cutting as it posted a first half-year loss linked to reduced revenue and asset write offs. Its interim financial results show its total revenue has fallen 13.5 percent from last year to $155.9 million.
Its net loss for the six months ended December was $16.8 million. That compared with a profit of $4.8 million the year before.
The news of proposed job cuts at the state broadcaster comes just over a week after Warner Bros. Discovery presented a proposal to cut around 300 jobs across its New Zealand operation, signalling the Newshub newsroom would be shut down.
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