BBC News is cutting 415 jobs, as part of cost-cutting measures designed to save £48 million (US$82 million) by 2017.
James Harding, the director of BBC News, said British pubcaster plans to restructure the news division to place it at the forefront of producing news in the digital age by using innovative technologies, a move that will create 195 new posts, resulting in a net loss of 220 jobs.
“It will be a testing time of uncertainty and change,” Harding reportedly told BBC News staffers after the announcement, adding that the challenge would be “to make BBC News even better, despite having less money.”
The move comes after the BBC’s license fee was frozen in 2010, and is part of £800 million worth of efficiency savings required as a part of that freeze.
BBC News employs 8,400 people, including 5,000 journalists based in London, around the UK and overseas.
This comes on the heels of a 12-hour strike called for July 23 over pay cuts, as the National Union of Journalists claims BBC journalists have suffered a 10% reduction in pay over the past five years. The union says 77% of its members have voted for strike action.
BBC News cut 140 positions in 2012 and another 75 in 2013.