Sir Jim Ratcliffe’s decision to cut 250 jobs at Manchester United, which caused shock and tears from some employees, will save about £10m a year. With the redundancies worth an estimated £40,000 a head, the saving is part of Ratcliffe’s drive to restructure the club and make it sustainable.
There is a recognition among the workforce that United have become a bloated operation and the Guardian reported last December that up to 300 jobs were under threat. But when the planned redundancies were communicated at an all-staff meeting on Wednesday, there was surprise among a number of those attending in person or remotely.
