BusinessCorporate FinanceBBC set to slash finance jobs

BBC set to slash finance jobs

Up to a third of the BBC's finance department could be slashed following a shake-up by director general Mark Thompson.

Between 3,000 and 4,000 jobs across finance, HR, legal, publicity and marketing are expected to be cut following an announcement later this morning. And 1,700 jobs are expected to move from London to Manchester.

Thomson aims to make the BBC a more efficient broadcaster, and the job cuts follow several reviews he put into place after joining the organisation in June.

Ernst & Young recently said that the BBC must tighten its internal controls on certain types of expenses. ‘E&Y’s recommendations are timely,’ said Thompson last week.

‘BBC’s management is committed to delivering the best value for licence fee payers and I, along with my colleagues, will ensure we continue to improve the BBC’s performance.’

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