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.
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