The BBC has today confirmed the first phase of its proposals to make £500m of savings over the next three years.
Staff were informed today that 550 roles would be closed across the News, Nations and Content divisions by the start of 2027/28.
These divisions would also be making a reduction in commissioning spend of around £80m by the end of 2027/28.
The savings announced today will deliver around £160m of the £500m target, which will see an overall reduction to headcount of around 1,800 to 2000 and a cost reduction of 10%, over the next three years.
Further savings across all divisions will be set out in the coming months. This includes corporate divisions, where around 700 roles are expected to close.
Proposals announced today include a target to deliver a minimum of £100m of recurring annual savings by the end of 2027/28 and reduction of around 100 roles by the end of this financial year
There will be review of broadcast TV channels and radio network portfolio as audiences move online and a reduction of 100-150 hours of originated programmes across all commissioning genres by the end of 2027/28
In audio, by the end of 2027/28 they expect a reduction of around 350-400 hours across stations and genres, while protecting many of prime daily programmes
There will be a total of £33m of savings by the end of 27/28 in the regions with the expected closure of around 250 posts in this first phase expected to be broken down as follows:
In BBC Local, there will be £9m savings and around 90 roles
News
Proposals outlined today will save around £25m, with a net reduction of around 200 roles for this first phase.
BBC News will be reducing costs by at least £51m by next April with further announcements expected over the next few months detailing further post closures amounting to a level similar to that announced today.
Staff have been told voluntary redundancy will be available, but compulsory redundancies are also possible.
