Manchester United to Make Up to 200 Jobs Redundant in Cost Cutting Move

1 year ago 38

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.”

Read Entire Article