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 all RFU staff are set to lose their jobs under the proposals.
A statement released by RFU chief executive Sweeney on Monday read: “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.
“We are projecting a 4-5 year recovery with cumulative revenue reductions of around 20%.
“We are having to make difficult decisions on what we can continue to invest in as well as what is the right size and shape of our business for the future.
“To ensure we have a sustainable RFU, we have announced to colleagues that it is proposed that the total number of roles across the organisation will reduce by 139.”
More to follow….