- The daily racing paper is cutting jobs in pandemic fallout
- Blow to staff after taking pay cuts to sustain business
Jobs are to be lost at the Racing Post, the daily paper which serves horse racing and its followers, with its owner blaming loss of revenue caused by the Covid-19 crisis. The news is a blow to staff, most of whom had put up with temporary salary cuts to help sustain the business during its recent 76-day hiatus from print.
Having accepted those cuts, which averaged around 25% but went up to 50% for higher earners, staff were encouraged when the Post returned to print last week at the same time as racing resumed. The Guardian understands that salaries have now been restored for active members of staff, though some others remain on furlough.
Written by Chris Cook
This news first appeared on https://www.theguardian.com/sport/2020/jun/08/fear-and-anxiety-at-racing-post-as-paper-makes-plans-for-redundancies-horse-racing under the title “Fear and anxiety at Racing Post as paper makes plans for redundancies”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
