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National Trust blames tax rises as it cuts 550 jobs
UNITED KINGDOM, JUL 11 – The National Trust aims to save £26 million by cutting 6% of its workforce due to cost increases outpacing visitor growth, including a £10 million rise in employer national insurance.
- The National Trust announced plans today to cut at least 550 jobs across England, Wales, and Northern Ireland, reducing its workforce by about 6%.
- The planned job reductions come after increases in employer contributions and minimum wage expenses raised the charity’s annual payroll costs by more than £10 million.
- The charity stated that although visitor numbers and donations grow yearly, increasing costs are outstripping this growth, prompting a 45-day staff consultation to find £26 million in savings.
- The National Trust said it has cared for nature and heritage for 130 years and plans to prioritize valued activities while adapting long-term to sustain its mission amid cost pressures.
- The union Prospect expressed concern that the cuts will cause staff uncertainty and worry but confirmed it will work with the Trust to minimize impacts during the transition.
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National Trust cuts 550 jobs as Rachel Reeves's £10 tax raid stings charity's pockets
The National Trust has announced it will be cutting 550 jobs as the charity has been hit by Labour's employer National Insurance and minimum wage bill.A spokesman from the charity said a rise of more than £10million in the cost had outstripped an increase in income from visitors.Staff were informed of the cuts in an online briefing on Thursday, as a 45-day consultation began, reports The Guardian.The cuts will affect six per cent of its 11,000-s…
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Total News Sources57
Leaning Left4Leaning Right3Center39Last UpdatedBias Distribution85% Center
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