170 jobs to go at Ofcom

Ofcom has been hit with a £143m budget cut over the next four years, according to MediaGuardian.

The real terms reduction resembles a 28.2 per cent cut and means 170 jobs, almost a fifth of the media regulator’s staff, are likely to go.

It’s current budget is about £142m while the workforce numbers 873.

Ofcom’s chief executive Ed Richards, who took a 10 per cent pay cut last year to £343,541, said the media regulator had to modernise to reduce expenditure and achieve “greater strategic focus”.

(Source: MediaGuardian)

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(Source: POLIS)

 

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