Bloomberg seeks job cuts in London TV and radio team

Bloomberg has confirmed it has begun redundancy consultations with a number of journalists working at its broadcasting operation in London.

The financial news provider, which has 2,000 staff in the UK, said the proposed changes would affect “a number” of its 225 employees working on the TV and radio operations.

A Bloomberg spokeswoman said the company could not comment on the number of jobs going at this stage.

“This is never an easy process, and not being undertaken lightly,” she told Press Gazette.

“We are trying to find other positions for employees wherever we can. Employees will not have to apply for these positions as was incorrectly reported.”

Last week, Bloomberg announced it was cutting about 100 jobs in the US in a restructuring of its TV operation.

The company is closing its foreign-language TV services – broadcasting in French, German, Italian, Japanese, Portuguese and Spanish – to focus on running one single English-language global business news channel.

The channel will draw on Bloomberg’s 1,600 reporters in bureaux around the world, who will provide analysis on breaking news stories from cameras at their desks.

Bloomberg was founded by current New York mayor Michael Bloomberg in 1981.

The latest round of job cuts is understood to be Bloomberg’s first major redundancy trawl in its 28-year history.

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