NRL announces 25 per cent staff cut in $50 million reduction
The NRL has announced 25 per cent of its staff will be cut as the code moves to save $50 million a year.
Chief executive Andrew Abdo addressed the staff on a virtual call on Monday morning, proposing a significant restructure of the business for the future.
Andrew Abdo with Peter V'landys after being unveiled as NRL CEO earlier this month.Credit:Getty
The NRL estimates a $130 million loss this year, predicting it will take the code two years to recover from the impact of the COVID-19 pandemic.
Over the course of the week the staff will meet with their direct managers and will be informed whether they have a future in the business.
It comes on the back of the organisation parting ways with chief operating officer Nick Weeks, as well as chief corporate affairs officer Liz Deegan earlier this month.
It had been widely assumed that new ARLC chairman would put a broom through the business in his first couple of years, however the impact of COVID-19 fast-tracked plans to reduce costs and create a more efficient work place.
More to come
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Michael Chammas is a sports reporter with The Sydney Morning Herald