Job losses imminent at New Zealand Rugby amid COVID-19 crisis

Job losses imminent at New Zealand Rugby amid COVID-19 crisis
[Photo: 1 NEWS]

The COVID-19 crisis has led to a massive restructuring at New Zealand Rugby, with staff being advised that job losses are imminent.

TVNZ News reports executives have held meetings with staff and more meetings will follow as the organisation attempts to cut costs in the wake of a predicted revenue hole of $120 million.

According to sources which spoke to TVNZ News the process could take weeks to work through before plans are finalised and decisions on redundancies are made.

The news comes just days after the national body reported a $7.4 million dollar loss for the last financial year.

[Source: TVNZ]

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