Category: ÃÛÑ¿´«Ã½
Date: 29.11.2005
Printable version
The ÃÛÑ¿´«Ã½ today announces a significant number of changes to ÃÛÑ¿´«Ã½ Finance (ÃÛÑ¿´«Ã½'s finance division), as part of the corporation's drive to make significant cost reductions across its support divisions.
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Starting in 2006/7, ÃÛÑ¿´«Ã½ Finance is proposing the following changes:
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the creation of a new specialist Finance Centre in Ty Oldfield (at the ÃÛÑ¿´«Ã½'s HQ in Cardiff);
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the introduction of new, simpler business procedures and a reduction in internal trading;
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the outsourcing of around 40 posts to an external provider in 2007/8.
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The number of posts in ÃÛÑ¿´«Ã½ Finance will reduce from around 650 in 2005/6 to 310 posts in 2006/7, to 260 posts in 2007/8.
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These measures will contribute to an anticipated saving within ÃÛÑ¿´«Ã½ Finance of £20m by 2008.
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Announcing the changes, ÃÛÑ¿´«Ã½ Director of Finance Zarin Patel said: "These proposed changes will enable the ÃÛÑ¿´«Ã½ to simplify the business side of making programmes and to spend more money on meeting the needs of our audiences.
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"The proposals will also enable us to maintain and develop consistent business procedures as well as drive continuous improvement.
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"I believe that, difficult though this is, we are making the right decisions for the whole ÃÛÑ¿´«Ã½ and our licence fee payers."
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The changes are part of ÃÛÑ¿´«Ã½ Director-General Mark Thompson's target for the corporation to find an annual £320m savings within three years, to be reinvested into programme making.
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Notes to Editors
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Future Finance is the programme that will change finance and business in the ÃÛÑ¿´«Ã½
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The aim is to reduce the cost of finance and enhance business decision making
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Savings from Finance will be invested in programme making.
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