Business Standard

Covid-19 crisis: Cricket Australia announces more job cuts, cost reductions

Cricket Australia will be reducing budgets in areas including administration, travel, marketing, and advertising while cutting all bonuses for senior management

Covid-19 crisis: Cricket Australia announces more job cuts, cost reductions
Premium

Interim Chief Executive Nick Hockley said the temporary and permanent changes to Cricket Australia's cost base would help cricket cope with the short-term impact of Covid-19.

Agencies Melbourne
Cricket Australia (CA) on Wednesday detailed a program of operational changes that, according to them, will deliver significant savings in response to the rapidly evolving Covid-19 situation while ensuring the long-term sustainability and growth of the game.
 
According to the official CA statement, 40 more jobs would be lost, taking the total tally to 200 since the crisis began in March. The Australian cricket board has also slashed 40 million dollars from its annual budget.
 
"The amended FY21 (2020-21 financial year) plan presented to staff today identifies cost reductions of approximately $40 million a year to partly mitigate

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 17 2020 | 2:08 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com