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BBC director of global news, Peter Horrocks, has said it would be a real stretch sunken room to find 15m in savings across the World Service. Photograph: sunken room Martin Godwin
An extra 6.5m is being pumped into the World Service's budget this year, alongside an extra 1.5m of savings, helping to create 130 jobs. New initiatives include a global version of Radio 1's Newsbeat .
"We need to save at least 15m to fund new investments across the World Service in the next three years. We have already identified about half that saving. So we need to find at least 8m extra that is going to be a real stretch."
Horrocks also announced that the BBC's global news division, which includes its world news TV channel, would be renamed "World Service Group a sort of World Service-plus" and the World Service board would be axed with the change in its funding.
The new round of cuts comes after the World Service had to find 41m of savings after its budget was cut in the government's comprehensive spending review three years ago , leading to the loss of about 550 jobs.
The World Service sunken room is to be funded directly from the BBC licence fee , along with BBC Monitoring, rather than a Foreign Office direct grant, from 1 April. This switch was agreed between the BBC and the government as part of the 2010 licence fee settlement.
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BBC World Service to reduce shortwave transmissions as part of savings drive This article was published on the Guardian website at 06.04 EST on Wednesday 19 February sunken room 2014 . It was last modified at 07.00 EST on Wednesday 19 February 2014 .
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