The YES satellite television board will shortly be directing the company's management to cut 150 jobs, TheMarker has learned.

The company recently dismissed 200 people, or 10% of its workforce, as part of an efficiency drive.

Deputy general manager Israel Berman claimed there are no plans to cull more jobs beyond the 200 cut in recent weeks.

But further job cuts are reportedly necessary in order to bring the company to breakeven.

At the end of May YES reported its first quarter results, showing that it managed to trim its losses by 30% from the previous quarter, to NIS 167 million. Revenue climbed by 13% to NIS 131 million, compared with NIS 114 million in the sequential quarter.

Its operating loss also shrank, to NIS 183 million, from NIS 203 million in the fourth quarter of 2001.