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RTÉ boss to announce huge job losses today

RTÉ’s Director-General Dee Forbes is set to formally announce huge job cuts today, as the broadcaster attempts to turn around its losses.

RTÉ reportedly plans to cut up to 300 staff over the next two years, as the broadcaster is expected to report losses of up to €20 million for 2016 following a €2.8 million loss the previous year.

According to the Irish Independent, RTÉ are planning to make the cuts within it’s TV, radio and digital divisions.

The news comes as almost nine acres of land belonging to the state broadcaster has officially been put on the market with a massive pricetag of €75 million.

Cuts: Dee Forbes is set to formally announce job losses today | RTE

The land sale, which has been dubbed ‘Project Montrose’ by Savills, consists of 8.64 acres in total.

According to the property agent, the land “provides an incoming purchaser with the opportunity to develop a mid to high-end housing scheme of up to 500 units comprising a mix of apartments and houses”.

“This area of Dublin is synonymous with exclusive, high-quality apartments and period houses, but supply has been limited due to the lack of appropriate development sites,” said Mark Reynolds, director at Savills.

“Therefore, we see Project Montrose as a once-in-a-generation opportunity to be part of a truly transformative development story in one of Dublin’s most affluent and fashionable areas. For anyone serious about urban development not only in Ireland but in Europe, it doesn’t get better than this.”

Goss.ie have contacted RTÉ for comment.

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