National Trust to cut 550 jobs as Reeves’ budget adds £10m to costs
More than 500 jobs to be slashed at the National trust as budget cuts hit
- The National Trust is poised to shed approximately 550 jobs to significantly reduce its annual wage bill amid mounting financial pressures.
- This move is part of a broader strategy to achieve £26 million in savings and represents an estimated 6 per cent reduction of its total workforce.
- The charity states that escalating costs, including recent increases to employer national insurance contributions and the national minimum wage, have added over £10 million to its annual wage bill.
- These rising costs are outpacing the growth in both visitor numbers and donations, despite increasing demand and support for The National Trust's work.
- The National Trust is working with the union Prospect to manage the transition and has implemented other cost-saving measures to avoid job losses.