KUALA LUMPUR: Astro Malaysia Holdings Bhd will implement a voluntary separation arrangement (VSS) in a strategic evaluation of its activities to strengthen its position in the market.
In a statement, the pay-TV provider said that the VSS was offered on a voluntary basis and that a transition program with coaching and upgrading of skills was set up to provide support to employees who opted for the scheme.
"In an ever-boundless and digital world, the competition is relentless, Astro remains proactive in revitalizing the Group to strengthen its position in the market and remain relevant in the coming years," said Henry Tan, CEO of Astro. .
The company noted that tThe media and entertainment industry is currently experiencing an unprecedented level of disruption.
"Players in the industry need to quickly reinvent and adapt to stay relevant in this new reality," he said.
The company added that it will take steps to ensure that customer satisfaction is not affected by the exercise.