BBC slashes its payroll

The head of the British Broadcasting Corp yesterday announced a radical overhaul of the media giant that will cut its workforce by 1,800, broadcast fewer programs and require staff to create content for television, radio and the Internet.

BBC Director-General Mark Thompson told staff that 2,500 jobs will be cut over the next six years, but that during that time 700 new jobs are expected to be created.

(China Daily 10/19/2007 page12)