Manchester United To Lay Off Over 200 Staff

Date:

Manchester United will make up to 200 jobs redundant to “return the club to profitability”.

About 250 members of staff were made redundant last year in a first wave of cost-cutting measures by co-owner Sir Jim Ratcliffe.

In a meeting with staff on Monday, United chief executive Omar Berrada informed employees that there would be a fresh round of redundancies as part of a “transformation plan”.

A club statement read: “The transformation plan aims to return the club to profitability after five consecutive years of losses since 2019.”

It added that the additional measures are being taken to “improve the club’s financial sustainability and enhance operational efficiency.

“This will create a more solid financial platform from which the club can invest in men’s and women’s football success and improved infrastructure.”

Berrada said: “We have a responsibility to put Manchester United in the strongest position to win across our men’s, women’s and academy teams.

“These hard choices are necessary to put the club back on a stable financial footing.

“We have lost money for the past five consecutive years. This cannot continue.

“Our two main priorities as a club are delivering success on the pitch for our fans and improving our facilities. We cannot invest in these objectives if we are continuously losing money.”

Share post:

Subscribe

spot_img

Popular

More like this
Related

Group Urges Tinubu To Declare Emergency In Zamfara Over Governance Collapse

The Northern Youths Consultative Forum for Justice (NYCJ) has...

Kaduna Govt To Meet  ASUU Over Strike – Perm Sec

FROM RAHILA ABDULLAHI, KADUNA  Kaduna State government has expressed willingness...

Again, Senator Oyewumi Empowers Women Farmers  With Training, Cash Grants 

Stories From Richard Akintade, Osogbo  Deputy Minority Leader of the...

NORTHERN ELDERS FORUM: B’Haram Regrouping Significant Threat To Stability, Security

...Urges multifaceted response ...Says Zulum's alarm clarion call for renewed...