BBC News to cut 400 jobs in austerity drive
Published on Jul 17, 2014 6:01 PM
LONDON (AFP) - 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 over the next two years were part of savings needed as a result of a freeze in the licence fee, which all British households with a television must pay.
"It will be a testing time of uncertainty and change," the British Broadcasting Corporation quoted Harding as telling staff in a briefing at its headquarters in London.
But he said the BBC would create 195 new posts in the news division as part of a restructuring plan, meaning a net reduction of 220 full-time jobs overall.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!