News: BBC News to cut 400 jobs in austerity drive

Strategic HR

BBC News to cut 400 jobs in austerity drive

The BBC said on Thursday it will cut 415 jobs from its news department in the latest cost-cutting measures by the world's largest public broadcaster. Director of News James Harding said the cuts were part of savings needed as a result of a freeze in the licence fee, which all British households with a television must pay. The cuts will save £48 million ($82 million, 60 million euros) a year over the next two years and are part of a total of £800 million in savings that began in 2010. The British Broadcasting Corporation would restructure its news operations while increasing its investment in digital journalism, Harding said.

The BBC said on Thursday it will cut 415 jobs from its news department in the latest cost-cutting measures by the world's largest public broadcaster. Director of News James Harding said the cuts were part of savings needed as a result of a freeze in the licence fee, which all British households with a television must pay. The cuts will save £48 million ($82 million, 60 million euros) a year over the next two years and are part of a total of £800 million in savings that began in 2010. The British Broadcasting Corporation would restructure its news operations while increasing its investment in digital journalism, Harding said.

Read the Economic Times news report here.

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Topics: Strategic HR, #Current, #Corporate

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