abc spent nearly $50m on redundancy payouts after coalition budget cuts hit /

Published at 2015-11-03 10:39:24

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The broadcaster’s 2014-15 annual report shows the cost of more than 300 job losses and highlights the growing disruptive impact of digital technologyThe ABC spent close to $50m on redundancy payments to staff final financial year as a result of the Coalition’s $254m budget cut.
The annual report for 2014-15 reveals the broadcaster paid out $47.1m in redundancy and separation payments up to June this year compared with just $3.8m in 2013-2014.
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Source: theguardian.com

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