Arsenal Tell Staff 60 Jobs Are to Be Cut
- Five days after signing manager Mikel Arteta to a lucrative contract, Arsenal announced plans to cut at least 60 jobs on a staff call this morning.
- Arsenal reported record revenue of £691m in its last accounts and expects to reach £800m next. Critics argue these cuts disproportionately impact the 10 per cent of the club comprising staff on everyday wages.
- The football department, representing over half of the club's outgoings, remains untouched in this redundancy round. Some employees face losing wages barely covering two days of pay for Arsenal players earning £100,000 a week.
- Staff express fear following involvement from the Boston Consultancy Group. CEO Richard Garlick has been a corporate face overseeing the club's transformation over the past half-decade.
- These cuts mirror trends at Manchester United, where Sir Jim Ratcliffe oversaw hundreds of redundancies. The situation highlights debates surrounding the Independent Football Regulator's "State of the Game" review, intended to protect clubs' community roles.
18 Articles
18 Articles
The Independent
The Independent (US)Arsenal cutting jobs just days after Mikel Arteta’s £80m deal is simply indefensible
The Premier League champions have told staff of plans to cut at least 60 jobs, writes Miguel Delaney, which completely goes against the club’s traditional values of ‘doing things the right way’
According to The Athletic, Arsenal have announced cuts across several departments, even though the London club has won the Premier League and posted record revenues.
Arsenal have informed employees that they are going to make cuts and layoffs, as part of a restructuring process at the club. The post Arsenal announced cuts and layoffs of 60 employees! appeared first on in.gr.
On October 7, Arsenal extended head coach Mikel Arteta's contract with a value of around 264 million kronor. Now the club needs to save money. Arsenal will cut 60 jobs, writes The Telegraph.
Arsenal are rewarding Mikel Arteta for his work with a new contract that ties him to the club until 2030, but at the same time are preparing to make significant cuts to their workforce.
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