BBC news division to lose hundreds of jobs in restructuring

The BBC will cut hundreds of positions in its main news division as part of a broader cost-cutting drive, the Financial Times reported, citing people familiar with the plans.

The first phase of the restructuring is expected next week. Departments across the broadcaster have been told to reduce budgets by roughly 10%. The goal is to eliminate about 2,000 jobs and save hundreds of millions of pounds, according to the report.

The news division will be the first to unveil its proposals. Staffing accounts for most of the division's expenses, so it is likely to see a larger share of job losses than other parts of the BBC, the FT reported.

Some radio programmes will be affected. Audiences may notice changes to BBC services, the sources said.

Newly appointed Director-General Matt Brittin told the FT last month that the broadcaster would face difficult and potentially unpopular decisions as it works to secure long-term financial sustainability. He has to cut costs while continuing to invest in services like BBC iPlayer and YouTube content to attract younger viewers.

The UK government is also considering changes to the TV licence fee system. One option is extending it to private streaming platforms. A licence fee is currently required to watch live television or access BBC iPlayer. On-demand content on services like Netflix does not require one.

Mint could not independently verify the development.