Talkback Thames seeks to cut staff

The producer of The X Factor and Britain's Got Talent is to cut 20 per cent of its staff.

Talkback Thames, the producer of The X Factor and Britain's Got Talent, has set out plans to cut 20 per cent of its 150 staff and boost investment on new shows, as part of a plan to re-invigorate its business after the economic downturn.

The UK production arm of the RTL Group-owned FreemantleMedia is keen on hiring more top-class creative talent, developing more TV pilots and also significantly increasing budgets at its digital division.

It is also likely to launch a review of all operations and suppliers in order to put a check on costs.

The company had launched a consultation with its employees about cutting staff numbers by around 30 and increasing investment in development by 75 per cent over the next three years.

As part of the restructure, Talkback staff will be moving into one central London office.

A spokeswoman at the company told the Guardian that Talkback aims to "work closer" with FremantleMedia to "maximise the commercial value of its content". She added that the move is to leverage on synergies such as FremantleMedia's international distribution network.