Tuesday , October 26 2021

Even if it reduces salaries by BRL 281 million, Globo has a loss of BRL 144 million


The negative result is noteworthy, as the company has been carrying out a successive reduction in the number of employees since 2019

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247 – Globo ended the first half of 2021 with a loss of $ 144 million. The number represents a 122% deterioration compared to 2020, when the company had a loss of $ 51 million over the same period. The report is in his column on the UOL portal journalist Guilherme Ravache.

He points out the negative result, as the company has been constantly reducing the number of employees since 2019. The number of stars leaving the Globe also seems to have increased in recent months. Recent victims include Faustão, Tiago Leifert, Lázaro Ramos, Ingrid Guimarães, Vera Fischer, Antônio Fagundes and Reynaldo Gianecchini.

In a report released in the market in early September, Globo states that in the first half of 2021 it carried out “staff reductions of $ 281 million due to ongoing cost-cutting initiatives, mainly explained by a reduction in the number of employees due to company restructuring since 2019 and minimum casting costs “.

The dismissals and collective bargaining also affected Globe’s accounts, which claim to have had a “48-million increase in personal expenses, mainly due to compensation and also annual adjustments to union salaries in collective agreements.”

Wages and social benefits, which represented $ 1.18 billion in the company’s balance sheet on 31 December 2020, fell to $ 853.45 million on 30 June 2021.

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