Sweeney: “Our detailed scenario modelling shows there may be a short-term impact of £107m in lost revenues and we also know there will be a much longer-term effect”
Last Updated: 06/07/20 12:52pm
Bill Sweeney has confirmed the RFU plans to make 139 staff redundant as it looks to cope with £107m in lost revenues in the wake of the coronavirus pandemic.
Nearly a quarter of RFU staff are set to lose their jobs underneath the proposals.
A statement released by RFU chief executive Sweeney on Monday read: “Our step by step scenario modelling shows there could be a short-term impact of £107m in lost revenues and we also know there will be a much longer-term effect.
“We are projecting a 4-5 year recovery with cumulative revenue reductions of around 20%.
“We are experiencing to make difficult decisions about what we can continue steadily to invest in in addition to what is the best size and shape of our business for the near future.
“To ensure we’ve a sustainable RFU, we’ve announced to colleagues it is proposed that the total quantity of roles over the organisation will certainly reduce by 139.”
More to follow….
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