Manchester United to Cut 250 Jobs Under New Ownership
Manchester United to Cut 250 Jobs Under New Ownership

Manchester United to Cut 250 Jobs Under New Ownership

News summary

Manchester United, under new co-owner Jim Ratcliffe, plans to cut 250 jobs, about a quarter of its workforce, to streamline operations and reduce costs. The decision, part of a broader restructuring effort, aims to address financial concerns, improve efficiency, and reinvest in the football squad following a disappointing season. Ratcliffe's INEOS company is driving changes in management, seeking to align staff numbers with operational needs. The redundancies will impact all departments except the charitable arm, with a focus on achieving long-term sustainability and compliance with financial regulations. While the move is seen as necessary for future success, it highlights the significant transformation underway at the club under Ratcliffe's leadership.

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