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BBC business reporters Tom Espiner and Mark Allison reported that the National Trust is planning to reduce its workforce by 6%, amounting to around 550 jobs. The charity attributed this decision in part to inflated pay bills and tax hikes introduced by Chancellor Rachel Reeves. The National Trust cited “sustained cost pressures beyond our control” as the driving force behind the layoffs.
According to the heritage and conservation charity, factors such as the rise in National Insurance contributions by employers and the increase in the National Living Wage have pushed up wage costs by over £10 million annually. In response to the need to find £26 million in savings, the National Trust is implementing cost-cutting measures.
Despite a rise in demand and support for their work, with yearly increases in visitors and donations, the National Trust stated that escalating costs have outpaced this growth. Pay constitutes the largest portion of their expenses, and recent increases in employer National Insurance contributions and the National Living Wage have significantly impacted their wage bill.
Following a 45-day consultation period starting on Thursday, the Trust, currently employing around 9,500 people, is collaborating with the Prospect union to minimize compulsory redundancies. Prospect acknowledged that while cost pressures played a role in the charity’s financial challenges, management decisions also contributed to the situation. The union emphasized the potential loss of crucial institutional knowledge and skills due to the scale of the cuts, emphasizing the impact on their members who safeguard the country’s cultural, historic, and natural heritage
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