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Vision and Media to lay off 40% of staff

Redundancies will start in March

Published on February 17th 2011.


Vision and Media to lay off 40% of staff

Creative and digital industry support body Vision+Media has announced a compulsory redundancy plan for 40 per cent of its employees.

The announcement comes after a two-month consultation period with staff, and will facilitate the company’s transition to its new role as part of Creative England, the new pan-England creative industries support agency which launches in October.One of the three ‘hubs’ of Creative England, will be in Manchester.

Newly appointed chief executive Paul Taylor said: “Over the past four years, Vision+Media has built a talented and dedicated team, and having to lose any of them is difficult but that is the reality of where we are. Much of our current funding will disappear at the end of this financial year.

“This downsizing of the company will allow us to continue beyond April 1 and gives us the flexibility to reshape later in the year in to the new role within Creative England.

“ It is a difficult process but we are encouraged that the government recognises the importance of continuing focussed support for the wealth of creative talent, culture and enterprise that exists outside of London.

Despite the changes, Vision+Media will continue to deliver on our existing programmes and services across the digital and creative sector over the coming months.”

Vision + Media scored a notable success in 2010 by luring Marvel Studios to Manchester to film the Captain America movie, based on the comic books.

The redundancies will be effective from 31st March 2011.

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Claire VoyantFebruary 21st 2011.

yawn - i told you this would happen in September!

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