Jobs in danger at Chiswick Business Park
Teletext announces planned closure of web site
Chiswick Business Park based Teletext could be set for significant job losses. The move is part of a restructuring by owner Daily Mail & General Trust which is cutting back on areas of the group that are not making money. The article claims that the web site www.teletext.co.uk will be shut down and 45 jobs will go.
Closure would mark the abandonment of plans to expand Teletext's traditional business of text services on TV into new interactive digital media.
Teletext said in a statement, 'Whilst the website has attracted audiences of several hundred thousand monthly users, the company does not see a realistic prospect of it delivering an acceptable return,'
The company initially looking for voluntary redundancies from its existing staff of 380 people. Some of the retrenchment may occur in Glasgow rather than Chiswick.
Teletext, a subsidiary of Daily Mail & General Trust which also owns the Daily Mail, the Mail on Sunday and the Evening Standard. The company intends to focus on its core business of digital and analogue text services, mobile services and holiday services.
June 17, 2004