BBC to cut nearly 3,000 jobs
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The British Broadcasting Corporation is cutting nearly 3,000 jobs in a drive to reduce costs. Mark Thompson, director-general of the BBC, told staff members Tuesday that 2,500 jobs
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Bank of America Corp , the second-largest U.S. bank, on Wednesday said it plans to eliminate 3,000 jobs, and that the head of its corporate and investment banking unit will depart after a dismal quarter led to a 32 percent drop in quarterly profit.
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LONDON -- British Broadcasting Corp., the world's largest public broadcasting company, announced plans yesterday for some of the biggest budget cuts in its 82-year history, slashing at least 10 percent of its staff and more than $550 million.
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The announcement angered many employees, who are threatening to strike, but the British Broadcasting Corporation said the cutbacks were necessary.
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The BBC is punishing too many junior staff and not enough managers over editorial breaches, a union claims.
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Britain's public broadcaster, the BBC, announced one of the biggest shake-ups in its 82-year history Tuesday, with plans to axe at least 2,900 jobs, or 10 percent of its workforce, and trim &#36;624 million in costs.
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Spain&#39;s SCH plans to cut around 3,000 jobs at takeover target Abbey National to meet its goal of reducing costs by 450 million euros (302 million pounds) at the bank within three years.
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The record label EMI is planning to cut as many as 2,000 jobs as part of a restructuring plan.
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LONDON -- The British Broadcasting Corp. announced Thursday it will cut 1,800 jobs, broadcast fewer programs and require staff to create content for television, radio and the Internet, creating a showdown with journalists and other employees.
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Britain's public broadcaster the BBC announced plans on Thursday to cut 1,800 jobs and integrate its TV, radio and Internet news operations to confront the digital-age shift away from traditional media.
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LONDON, Dec. 7 -- The BBC, the world's largest public broadcasting company, announced plans Tuesday for some of the biggest budget cuts in its 82-year history, slashing at least 10 percent of its staff and more than $620 million in annual spending.
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The BBC said on Tuesday it would eliminate 2,900 jobs, or more than 10 per cent of its workforce, as part of a cost-saving &quot;transformation&quot; of the world&#39;s biggest and best-known public broadcaster.
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Rupert Murdoch&#39;s News International said  on Wednesday it was cutting jobs at its four national British  newspapers to reduce costs amid ongoing revenue pressures in  the industry.
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The BBC has confirmed plans to axe 2,900 jobs over the next three years under moves to make savings of Â£320 million. In a special message to staff, director general Mark Thompson said 2,500 jobs will be cut
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EMI, the world's third-biggest music company, whose artists include The Beatles, said Tuesday it would slash 1,500-2,000 jobs worldwide following its takeover by a British private equity firm.
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Bank of America says it is to cut about 3,000 jobs as it restructures its loss-hit investment bank division.
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The BBC's plans for the next six years affect programming and jobs, with more repeats and 1,800 redundancies.