180 jobs at risk as Sage Gateshead enters redundancy talks
Music centre Sage Gateshead has announced the start of a redundancy consultation which could see 180 jobs axed.
The live music venue has entered into a 45-day consultation process with staff after losing revenue as a result of the COVID-19 crisis.
Sage Gateshead has estimated a £10m loss as a result of the coronavirus pandemic and subsequent business disruption, and will be considering redundancies despite the government’s launch of a £1.57bn support package for the arts earlier this month.
A spokesperson for Sage Gateshead commented: “Like many organisations across all sectors, Sage Gateshead has had to make the very difficult decision to start a redundancy consultation process.
“Each and every one of our team is highly skilled and committed and all have played a huge part in the success of our organisation to date. It is of great regret that any of these roles are at risk.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'