Almost a third of Star TV's Hong Kong employees, or between 150 and 200 people, will lose their jobs in the coming 10 months under a corporate restructuring of News Corporation's Asian broadcast business. The widely expected move had 'nothing to do with the economic downturn', a company spokesman said. Chief executive Paul Aiello will resign but stay until the end of the year to ensure a smooth transition. The business will split into three units - Star India, Star Greater China and Fox International Channels. Fox International will include Star World, Star Movies and the Fox and National Geographic Channel brands. A new News Corporation office will be established in Hong Kong, comprising a small group of Star executives. James Murdoch, chairman and chief executive for Europe and Asia at News Corporation, said: 'We are now reshaping a big, regional organisation into three highly focused business units, each of which will be intensely competitive in its target marketplace. 'While it was once natural to have a larger, regional headquarters, the company has now reached a scale in its key local markets where we are ready to empower the teams on the ground and move a number of functions to be closer to viewers.'