110 jobs axed as Sage Gateshead redundancy consultation ends
North East music centre Sage Gateshead has announced that 110 jobs will be axed as redundancy talks draw to a close.
The venue has made the announcement as it concludes its redundancy consultation process, which began on August 3.
In the wake of the COVID-19 crisis, Sage Gateshead launched its Crisis, Recovery and Renaissance fundraising campaign in an attempt to mitigate the financial impact of the outbreak, raising £300k in donations to date.
A spokesperson for Sage Gateshead commented: “Like many organisations across all sectors, Sage Gateshead has had to find ways of controlling the financial impact of the pandemic.
“This has involved some incredibly difficult decisions, this being the hardest of all. Each and every one of the Sage Gateshead team are highly skilled and dedicated, and it is with deep regret that 110 of our friends and colleagues will be leaving us.”
“Charities like Sage Gateshead, whose self-generated income outweighs public subsidy by 5:1, have seen the most immediate financial impact. We have done absolutely everything we can to avoid this situation.”
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.
The true value of HR in an AI-driven working world
What new business rates guidance means for pubs
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
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Time to rethink outdated views on apprenticeships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