Ten eyes more job cuts: report

McLennan reportedly sets 10% target for latest cost-cutting drive.

Chief executive officer of Ten Network Holdings (TEN) Hamish McLennan is considering cutting a number of jobs as part of a cost-cutting drive, Fairfax Media reports.

According to the media outlet, Mr McLennan has ordered senior managers cut expenses by 10%, with redundancies flagged as one possible way to achieve the target.

The drive is said to include Ten's news division, which last year saw 100 staff retrenched, including 20 newsreaders and reporters.

Fairfax reports Mr McLennan has confirmed that he has implemented the cost-cutting program, called the "Cost Out Program," but declined to confirm that fixed targets had been set.

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