UK: BBC Announces Redundancies to Save Ailing Broadcaster £125m

THE BBC announced today that it is to be implementing a wide-ranging voluntary redundancy scheme in a bid to save millions of pounds.

The ailing broadcaster has come under fire in recent months, for its plans to scrap free licences for pensioners.

To prevent public outcry, the BBC pared-back its plans by allowing anyone receiving a pension credit to remain eligible for a free TV licence.

However, the BBC will have to foot the bill of an estimated £250 million each year.

All UK-based public service employees of the BBC will have the opportunity to express interest in taking voluntary redundancy.

It is hoped that this exercise will free up enough cash to keep the BBC going in what has been a dire year for its bank balance.