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NPR to shed 10% of staff amid budget shortfall
Posted By -NO AUTHOR- On 09/13/2013 @ 11:14 pm In Money | No Comments
(BBC) U.S. broadcast network National Public Radio plans to shed 10% of its staff in an effort to close a $6.1m (£3.8m) budget deficit, a spokeswoman has said.
It will offer voluntary redundancies to its roughly 840 employees. The broadcaster put the budget shortfall in part down to a decline in corporate grants amid the slow US economy.
National Public Radio (NPR) reaches 27 million listeners a week through 975 member stations across the US. The redundancies follow a series of shake-ups in the non-profit’s leadership, and a 2008 reduction of about 8% of its staff.
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