RNZ plans job cuts after shock $12m loss

RNZ’s Lisa Owen takes to RNZ’s chair over $12m budget blowout

'How is the organisation so dumb, Brent?'

RNZ plans job cuts after shock $12m loss

RNZ has dug itself into a $12 million financial hole. Redundancies and other cuts are part of the plan to dig it out. It's just released books show an $11.8 million deficit due to a litany of budget blowouts and other accounting errors. The CFO, Hilary Parker resigned and walked off the job in early October. Nearly 60 full-time jobs will be cut by March. Board chair, Brent Impey spoke to Lisa Owen.

'Poor and unsustainable': RNZ plans sweeping job cuts after shock $12m loss

'Poor and unsustainable': RNZ plans sweeping job cuts after shock $12m loss

Left Leaning RNZ Loss Hits $11.8m, 58 Jobs To Go

RNZ broke the law by setting up a $5m overdraft without approval, and expects to lose another $7.8m this financial year.