BUSINESS

BBC News Reportedly Cutting Hundreds Of Jobs

06/03/2014 01:34 pm ET | Updated Jun 03, 2014

The BBC will reportedly cut as many as 600 jobs in its news and radio divisions over the next two years.

The corporation plans to announce between 475 and 500 job cuts at BBC News sometime next month, along with 75 to 85 additional layoffs at BBC Radio in the UK, Forbes reported. The cuts will result in approximately 6 percent of the newsroom exiting within the next two years.

The BBC told the Guardian that it has "difficult decisions ahead" as it attempts to save around £800 million each year by 2016. Employees remain critical, however, of the corporations continual hiring of senior-level managers while pointing to budget conflicts as the reason for the layoffs.

In February 2013, BBC journalists went on strike to protest job cuts, which, at the time, were rumored to be around 2,000 lost positions in years ahead. Just last month, the BBC offered a 1 percent pay increase to employees earning less than £50,000-- or around $68,000. The small pay raise was blasted by trade unions, calling it "completely unacceptable" and blaming the company's poor leadership for the cost cuts.

BBC employees have reacted similarly to the stirring rumors of the layoffs ahead.

"The pay offer is insulting, when so many new senior managers are being hired," one BBC staffer told Forbes. "They’ll have to get rid of some bosses, otherwise it’ll look like they haven’t got a clue what they’re doing."

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