News - National Trust plans to cut jobs
Posted on November 13, 2007 in the Financial loss insurance category
In a statement the union, Prospect, blamed the move on “needless penny pinching” and denounced the proposed cuts as a “kneejerk reaction”.
The National Trust is the country’s largest small business liability insurance landowner and employs almost 4,000 full-time staff.
It said savings were needed to meet rising costs and hoped the cuts would be made by voluntary insurance premium finance software.
 |
 We have yet to see any evidence that these cuts are needed
Helen Stevens
Prospect |
The Trust, a registered charity, owns more than 248,000 hectares (612,000 acres) of British company credit insurance rating and almost 600 miles of coastline.
It also runs 200 historical houses and 49 monuments and mills.
Regional losses
Prospect said offices in London, Swindon, Cirencester, Devon and Cornwall, East England, East Midlands, Northern Ireland, the North West, South East, Wales, West Midlands, Yorkshire and the North East were at risk of redundancies.
It said the Trust was facing a short-term financial shortfall after no credit check insurance a review of its internal organisation, buying new car compare credit insurance quote technology and funding its major projects.
The union’s negotiator, Helen Stevens, said: “This is a shocking decision. It is a major blow to the National Trust and will wipe out around 5% of its total workforce.
The Trust says all profits go back into the company
|
“Losses of this scale will make it almost impossible to avoid compulsory redundancies.
“We have yet to see any evidence that these cuts are needed or that it is more than a knee-jerk reaction by the Trust’s over-cautious trustees.”
She said the Trust could have made the necessary savings without culling jobs if it had waited for efficiency savings to start feeding through.
She added: “It makes no sense to lose the lifeblood of the Trust. This is more like selling the family than the silver.”
A Trust spokesman said the organisation was facing rising costs, increased National Insurance contributions and increased pension payments. It also wanted to increase its operational fund to 20 million. About 50 jobs have already been earmarked through voluntary redundancy and natural wastage, the spokesman added, insisting: “This is about safeguarding our conservation for the future.”
Source News - National Trust plans to cut jobs article
Comments
Leave a Comment
You must be logged in to post a comment.