Arts / Arts agency introduces voluntary redundancy scheme in bid to reduce costs
The organisation has identified that it needs to make total savings of more than £300k
SHETLAND Arts has announced it is inviting interested employees to apply for voluntary redundancy as it looks to find a further £162,000 in savings.
This scheme is being offered to 15 eligible staff at officer and manager level, to avoid the need for compulsory redundancies.
The organisation said the commercial income of the organisation has not returned to pre-Covid levels.
Covid emergency funding has ended, and costs are continuing to escalate.
Shetland Arts said this reduction in commercial income and increasing costs means that the organisation needs to make savings.
It has been identified that total savings of £318,769 need to be made.
Work already undertaken within the organisation has found savings of £162,191 – 51 per cent of the total required.
The registered charity receives core funding from Shetland Charitable Trust and Creative Scotland.
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