Zee Leisure Enterprises Ltd (ZEEL) on Friday (April 5) stated its Managing Director and CEO Punit Goenka has put forth a proposal to the board for a leaner workforce and a streamlined administration construction.
The proposed restructuring entails a workforce rationalisation of 15%.
“Consistent with his general strategic strategy, the MD & CEO has initiated the method of rationalization of the workforce by 15%, which is able to prune the employees energy throughout the corporate to reach at a streamlined group that’s sharply centered on the set objectives for the long run,” the corporate stated in a inventory trade submitting.
The first goals of this new construction are to attain cost-effectiveness, velocity, and agility whereas sustaining a pointy concentrate on efficiency and profitability.
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“The proposed group construction will foster a extra collaborative performance-oriented tradition,” ZEEL stated.
The restructuring will embrace elevating sure group members throughout companies to offer them with increased ranges of accountability, enhancing cross-functional collaboration and decision-making. The detailed composition of the brand new working construction will probably be introduced after in search of the required approvals and steerage from the board.
The core enterprise items of the proposed construction will embrace broadcast, digital, motion pictures, and music, with every phase specializing in leveraging synergies to strengthen content material creation capabilities and drive income progress.
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“In an effort to additional strengthen the content material creation capabilities, the lateral construction will concentrate on a extra collaborative surroundings throughout the core enterprise segments,” ZEEL added.
Shares of Zee Leisure Enterprises Ltd ended at ₹152.30, down by ₹0.75, or 0.49%, on the BSE.
