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National Trust to cut 550 jobs after  Budget pushes up costs

National Trust to cut 550 jobs after Budget pushes up costs

Summary

The National Trust plans to cut about 550 jobs, which is 6% of its workforce, due to increased costs from higher taxes and wages. The charity is trying to save £26 million and has started talking to staff and their union to reduce the number of forced job losses.

Key Facts

  • The National Trust will cut about 550 jobs, or 6% of its workforce.
  • Higher wages and increased taxes are the main reasons for the job cuts.
  • The National Trust's wage costs have gone up by more than £10 million.
  • They aim to save £26 million through these cost-cutting measures.
  • A 45-day consultation period with staff started on Thursday.
  • The Trust is working with the union Prospect to try and lessen forced job losses.

Source Information