World Economy
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ABC Faces Job Cull

ABC Faces Job CullABC Faces Job Cull

The Australian Broadcasting Corporation has warned hundreds of jobs are likely to be slashed after government funding cuts. Opposition leaders said reduced funding was retaliation for unfavorable coverage. More than 400 jobs could be lost at the Australian Broadcasting Corporation, ABC Managing Director Mark Scott said Monday, DW said. “We anticipate that more than 400 people – close to 10% of our ongoing workforce – face  potential redundancy as we adjust our activities over coming months,” Scott said in a statement. The government currently provides the ABC and ethnic broadcaster SBS some A$1.4b ($1.2b) annually.

Financialtribune.com