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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BBC boss Mark Thompson says the corporation must keep up with change, after announcing nearly 3,000 job cuts.
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Deutsche Bank says it will cut 3,280 jobs outside Germany and reports a sharp rise in profits.
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BBC director-general Mark Thompson sought to reassure staff today over the scale of future job losses. Thousands more jobs are expected to go in addition to the 2,900 announced yesterday.
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The BBC's plans for the next six years affect programming and jobs, with more repeats and 1,800 redundancies.
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The BBC director-general unveiled &quot;painful&quot; plans to axe up to 5,000 jobs and sell off commercial ventures yesterday in a radical blueprint to direct an extra Â£320 million a year into improving programmes.
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London - The British Broadcasting Corporation, the world&#39;s biggest public broadcaster, is to cut almost a quarter of its 28 000-strong workforce, in the biggest shake-up in its 82-year history, The Times newspaper in London said on Monday.
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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 $624 million in costs.
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Matav, Hungary's biggest telecommunications company, will eliminate 3,750 jobs, representing 25 percent of its workforce, within two years in a cost-cutting measure, the company announced on its website.
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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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Santander Central Hispano said Monday it expects to cut about 3,000 jobs at Abbey National as part of a cost-saving plan if its friendly takeover bid succeeds.
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BBC staff are bracing themselves for possible mass redundancies as a radical restructuring plan is due to be announced by the corporation.
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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 telecommunications firm Cable &amp; Wireless today said it would cut another 600 jobs and return Â£250m to investors as it reaches the halfway mark in a three-year recovery plan.
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Mark Thompson, director-general of the BBC, has announced sweeping changes to the corporation including savings of Â£320m and thousands of job cuts for a more enhanced national broadcaster.
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LONDON (CBS.MW) -- The state-funded British Broadcasting Corp. said Tuesday it would eliminate close to 2,900 jobs, mainly in administration, hoping to achieve annual savings of 320 million pounds ($624 million) within three years.
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Having angered Queen Elizabeth and the public, Britain's BBC is set to shed staff with sweeping job cuts this week in the biggest crisis to hit the world-renowned broadcaster since a government clash over Iraq.