It has asked some correspondents to accept salary reductions of up to 25 percent.
He resigned shortly afterwards probably due to a major salary reduction.
He gave all six of the company's unions until midnight tonight to accept the salary reduction.
They say three previous salary reductions did nothing to solve the company's problems.
The staff's union agreed to $287,000 in salary reductions over four months but still faces layoffs.
The remaining 32 staff members also saw salary reductions.
The salary reductions and layoffs will take effect over the next few months.
It was due to proposed salary reductions affecting all employees of the state channel.
The rules permit a maximum salary reduction of 20 percent from the previous year.
Much of the money used to fund the accounts comes from salary reductions.
