More than half of the Royal Shakespeare Company’s staff are being encouraged to apply for voluntary redundancy as the struggling arts institution seeks to make “urgent” savings to plug what is thought to be a shortfall of between £5m and £6m.
The cuts are aimed at ensuring that the RSC is “best placed to be a leading global theatre company”, according to a statement that blamed the budget hole on increasing staffing costs after the pandemic, a decline in public investment and the cost of living crisis affecting takings.
