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大象传媒 announces changes to Finance division


Category: 大象传媒

Date: 29.11.2005
Printable version


The 大象传媒 today announces a significant number of changes to 大象传媒 Finance (大象传媒's finance division), as part of the corporation's drive to make significant cost reductions across its support divisions.

Starting in 2006/7, 大象传媒 Finance is proposing the following changes:

the creation of a new specialist Finance Centre in Ty Oldfield (at the 大象传媒's HQ in Cardiff);

the introduction of new, simpler business procedures and a reduction in internal trading;

the outsourcing of around 40 posts to an external provider in 2007/8.

The number of posts in 大象传媒 Finance will reduce from around 650 in 2005/6 to 310 posts in 2006/7, to 260 posts in 2007/8.

These measures will contribute to an anticipated saving within 大象传媒 Finance of 拢20m by 2008.

Announcing the changes, 大象传媒 Director of Finance Zarin Patel said: "These proposed changes will enable the 大象传媒 to simplify the business side of making programmes and to spend more money on meeting the needs of our audiences.

"The proposals will also enable us to maintain and develop consistent business procedures as well as drive continuous improvement.

"I believe that, difficult though this is, we are making the right decisions for the whole 大象传媒 and our licence fee payers."

The changes are part of 大象传媒 Director-General Mark Thompson's target for the corporation to find an annual 拢320m savings within three years, to be reinvested into programme making.

Notes to Editors

Future Finance is the programme that will change finance and business in the 大象传媒

The aim is to reduce the cost of finance and enhance business decision making

Savings from Finance will be invested in programme making.

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Category: 大象传媒

Date: 29.11.2005
Printable version

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