- Man Utd announce more redundancies
- Up to 200 more jobs may go
- Cost-cutting measures put in place to reduce losses
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The Red Devils have announced plans to lay of an extra 150 to 200 employees as part of their ongoing cost-cutting process. Ever since Sir Jim Ratcliffe and his INEOS bought a minority stake at United, they have aggressively focused on cutting down on the club's spending. Ratcliffe made 250 staff redundant last year and also terminated legendary manager Sir Alex Ferguson's contract as the club's global ambassador, effective from next season.
Getty Images SportThe club released an official statement on Monday that read: "Manchester United is to transform its corporate structure as part of a series of additional measures to improve the club’s financial sustainability and enhance operational efficiency. The transformation plan aims to return the club to profitability after five consecutive years of losses since 2019.
"This will create a more solid financial platform from which the club can invest in men’s and women’s football success and improved infrastructure. As part of these measures, the club anticipates that approximately 150-200 jobs may be made redundant, subject to a consultation process with employees. These would be in addition to the 250 roles removed last year."
The latest decision to lay off more employees has angered the fans who slammed majority owners Glazers for burdening the club with massive debts.
A fan named Ian wrote on X: "But no mention of the interest payments on the Glazers debt or their dividend payments. We are at a tipping point."
Sean wrote: "Another 200 people losing their jobs because the glazers have killed this club."
An X handle named Jayling7 wrote: "If the Glazers wouldn't have put us into 1 BILLION pounds of debt, we wouldn't be in such a financial crisis. They haven't invested a penny into the club, but do like to take out millions upon millions for their own pockets."
Johnny wrote: "Getting rid of Casemiro would save the club £18.2m a year and it’d basically save all of those jobs…"
Ross Gillett wrote: "Hey Omar, Jim and cronies. Have you considered focusing on ensuring the team's success on the pitch? We never had financial issues when the team was successful. Penny pinching either on or off the pitch is not the formula to creating a successful football team. Thanks."
Getty ImagesTo further clamp down on spending, Ratcliffe has also reportedly closed the staff canteen at Old Trafford, with training ground employees only offered soup and bread for lunch going forward, according to The Guardian. Players are exempt from the new measures and are free to continue to eat as they wish, although coaches and analysts will have to make do with the limited options.
Getty Images SportOn the pitch, Ruben Amorim's side will be back in action on Wednesday as they take on Ipswich Town in the Premier League.