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Job Cut
The BBC said Wednesday that it plans to cut up to 2,000 jobs to save 10% of its annual budget - 500 million pounds ($677 million) - over the next two years. The layoffs announced during a call with staff are the biggest in more than a decade at the UK national broadcaster. "I know this creates real uncertainty, but we wanted to be open about the challenge," interim Director-General Rhodri Talfan Davies said in a staff email. Davies said that the reductions were driven by inflation, pressures to license fee and commercial income and a turbulent global economy. The BBC said earlier this year that it faced "substantial financial pressures" and wanted to cut about a tenth of its budget by 2029. The bulk of the cuts are to be made in the next fiscal year beginning April 1, 2027. The cuts come as former Google executive Matt Brittin is scheduled to take over as director-general next month. He will fill the vacancy left after Tim Davie, and head of news Deborah Turness resigned over a .
Bajaj Auto, which is set to take majority control of KTM AG, is looking at various options, including moving more production to India and job cuts as part of plans to reduce costs at the financially troubled Austrian bike maker, a senior company official said on Friday. The Pune-based two and three-wheeler maker is expected to get required regulatory approvals and gain majority control over KTM AG by mid-November, Bajaj Auto Executive Director Rakesh Sharma told reporters in a Q2 earnings call. "We have made an application for taking majority control over KTM AG, and we have submitted our application. There are some nine approvals which are needed from various commissions in Europe, and eight of them have been secured," he said. He further said, "The ninth one should also be through, hopefully by mid-November, which is when the turnaround can start, to be very actively led and directed by us." Responding to a query on whether it made sense for KTM to continue manufacturing operatio
Tata Motors-owned Jaguar Land Rover (JLR) on Thursday confirmed plans to cut hundreds of managerial roles as part of a "limited" voluntary redundancy programme, which it says is aimed at better aligning its leadership workforce with the luxury car brand's business strategy. The UK-based car manufacturer, which has been under pressure from US President Donald Trump's tariff wars, welcomed the recent trade deal that eases some pressure on its automotive exports to the American market. However, the latest figures released last week had revealed a drop in sales in the April to June quarter which had witnessed a temporary pause in shipments to the US amid high tariffs of 25 per cent on cars. "JLR regularly offers eligible employees voluntary redundancy (VR) programmes, a JLR spokesperson said. "Through this limited UK VR programme for managers, JLR is aligning its leadership workforce for the business's current and future needs. We are grateful to the government for delivering at speed
More than 60 United Nations offices, agencies and operations have been ordered to submit proposals by mid-June to cut 20 per cent of their staff, as part of a major reform effort to consolidate operations in the face of a critical funding crunch. The cuts affect about 14,000 posts covered by the regular budget, or about 2,800 posts, UN spokesman Stephane Dujarric told reporters on Friday. These include staff in the UN's political and humanitarian offices, and its agencies helping refugees, promoting gender equality and dealing with international trade, the environment and cities. The UN agency supporting Palestinian refugees, UNRWA, is also on the list. UN Controller Chandramouli Ramanathan said in a memo to the affected agencies that the staff cuts are part of Secretary-General Antonio Guterres' goal of achieving a reduction of between 15 per cent and 20 per cent in the UN's current budget of USD 3.72 billion. The cuts are part of the UN80 reform initiative launched by Guterres i