Turner International downsizes its Asia Pacific operations
Turner International Asia Pacific has concluded a review of its business and operations, resulting in a decentralization of a number of functions from its Hong Kong headquarters.
As a result of the two-month review conducted by Turner and PWC, there will be a 30% reduction in staff across the Asia Pacific business.
The broadcaster claims its new ‘leaner central structure’ means more efficiency, less bureaucracy and greater empowerment for local management in the company’s three regions of South Asia, South East Asia Pacific and North Asia.
“This restructure is a tough but absolutely necessary process to best position Turner Asia Pacific on the path for future growth towards our ambitious long term goals to double annual revenues by 2020,” said Steve Marcopoto, President and MD Turner International Asia Pacific.