BBC’s redundancy payments revealed

Posted 18/04/2012

Redundancy payments have cost the BBC more than £275 million over the course of the last seven years.Almost 6,000 members of staff have been let go by the media organisation during this time, reports the Guardian.It was found this means the average redundancy payment was just over £46,200 for each member of staff, while the top individual payout was revealed to have been a little under £1 million.A BBC spokeswoman noted the median redundancy payment to staff – £35,161 – is less than the mean of £46,200, adding: “Since 2005, the BBC has made significant reductions in its headcount as part of overall efficiency savings.”She said the £227 million redundancy payments are outweighed by savings of £2.7 billion made over the course of the same period.According to a recent study by More Than Business, 35 per cent of small company owners have taken a pay cut in order to avoid having to let staff members go.Posted by Ross Strowger