PracticeAccounting FirmsStaff fear worst from shake-ups at BBC and BP

Staff fear worst from shake-ups at BBC and BP

Finance staff at BP and the BBC are bracing themselves for job cuts

Top brass at both organisations have started alarm bells ringing among staff
after announcing major personnel and operational changes.

BP’s new
chief executive Tony Hayward revealed plans to reduce the oil giant’s three
departments ­ exploration and production; refining and marketing; and gas, power
and renewables ­ to two, with gas, power and renewables being axed.

All BP’s functions will go under the microscope to root out any ‘overlap’
said a spokesman. ‘The finance function will be looked at, just as every other
function will be looked at.’

More job losses will come as a bitter blow to
BBC accounting and finance
staff, as the department has already been hit with a raft of job cuts.

The BBC slashed the number of finance function posts from about 650 in
2005/06 to 310 in 2006/07, with a target of 260 in 2007/08.

The cuts came despite the BBC signing an £8.5m outsourcing finance and
accounting deal with Xansa last year, which is expected to save the corporation
£20m annually.
With the current downsizing plans already under way, sources suggested the
finance department might avoid the cull.

The broadcaster is expected to announce thousands of cuts today.

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

21h Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin