ABC announce 400-plus job losses

More than 400 people are set to lose their jobs at the ABC as the public broadcaster seeks to offset federal government funding cuts.

Managing director Mark Scott says close to 10 per cent of the ABC's ongoing workforce "face potential redundancy as we adjust our activities over coming months".

"We regard the changes as vital to securing the long-term health of the organisation but I acknowledge that is no comfort to those who will lose their positions."

The Abbott government has slashed $254 million from the ABC's budget over the next five years.

SBS has also been asked to find $53 million in savings over the same period.

Thousands of protesters held rallies against the cuts in Sydney and Melbourne at the weekend.

MORE TO COME