LONDON, Feb 25 (Bernama-PA Media/dpa) -- Manchester United expects up to 200 further redundancies as part of a “transformation plan” to improve the club’s financial sustainability, reported PA Media/dpa news.
Around 250 employees were made redundant last year and a statement on the United website on Monday announced that a plan aimed at “return(ing) the club to profitability” following five successive years of losses means “approximately 150-200 jobs may be made redundant”, subject to a consultation process.
United CEO Omar 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. We are initiating a wide-ranging series of measures which will transform and renew the club.
“Unfortunately, this means announcing further potential redundancies and we deeply regret the impact on those affected colleagues. However, 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.
“At the end of this process, we will have a more lean, agile and financially sustainable football club, while continuing to provide a world-class service to our valuable commercial partners.
“We will then be in a much stronger position to invest in football success and improved facilities for fans, while remaining compliant with UEFA and Premier League regulations.”
--BERNAMA-PA MEDIA/dpa
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