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In his statement to the House of Commons, Mr McLoughlin also confirmed reports in yesterday's Independent that there had been significant staff cutback in his department in the run-up to the franchise fiasco.
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The bank rejected Mr. Ebner's call for staff cutbacks.
Cordiant was not alone in making staff cutbacks.
Excluding the costs of staff cutbacks and tax charges, CBS said it earned $34.3 million.
And, in so doing, they accompany announcements of digital initiatives with staff cutbacks.
Most of the staff cutbacks came in the online and marketing departments.
These include Newsday and The Sun, which also announced plans for staff cutbacks last week.
The staff cutbacks are the latest public setback for the young channel, which is co-owned by Ms. Winfrey and Discovery Communications.
The announcement was depicted as one of the most substantial staff cutbacks in the history of the public radio organization.
And I know there have been staff cutbacks at Soho Square but the absence of ball boys was ridiculous.
Once an untouchable island within CBS News, late last year it faced production staff cutbacks for the first time in memory.
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