The National Trust is planning to reduce its workforce by approximately 550 jobs as part of a strategy to manage increasing financial pressures, particularly from rising national insurance contributions and minimum wage increases. These escalations have outpaced growth in visitor numbers and donations, necessitating a significant cost reduction strategy aimed at saving £26 million. The proposed layoffs would translate to a 6 percent decrease in the National Trust's workforce of nearly 9,600 employees. The situation has drawn criticism, especially regarding the national tax hike introduced in the recent Budget.
The National Trust is poised to shed about 550 jobs as it seeks to significantly reduce its wage bill amid mounting financial pressures due to increased national insurance contributions.
The proposed redundancies are anticipated to result in an estimated 6 percent reduction across the National Trust's total workforce, impacting at least 550 full-time roles.
Recent increases to employer national insurance contributions and the national minimum wage have added more than 10 million to The National Trust's annual wage bill.
The tax hike was a central tenet of Chancellor Rachel Reeves' autumn Budget, meant to raise billions of pounds for the Treasury, but faced fierce criticism.
Collection
[
|
...
]