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Arsenal to sack 55 staff as Covid-19 hits revenues

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.Arsenal said they had done all they could to reduce costs, including pay-cuts as it announces laying off 55 staff less than a week after winning the EmiratesFACup | IOLsport

LONDON – Less than a week after winning the FA Cup to secure their place in next season's Europa League and as they negotiate a multi-million pound contract extension with striker Pierre-Emerick Aubameyang, Arsenal have announced plans to layoff 55 staff.

"Revenue from broadcasters, matchday and commercial activities have all been hit severely and these impacts will continue into at least the forthcoming 2020/21 season." the club said in a statement. "These steps have all reduced the impact of the pandemic on the club and have helped us continue to maintain investment in the team. This will continue to be a key priority."

Arsenal finished eighth in the Premier League but their record 14th FA Cup triumph last Saturday ensured another year of European football and the possibility of earning up to £40 million in the Europa League.

 

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