Cricket Australia came out with a plan for long-term sustainability:
On Wednesday, Cricket Australia said that it is planning to cut senior management’s bonuses, dismissed 40 staff members, and also pause the Australia A team’s international tours in a cost reduction plan to cope up with the financial loss caused due to COVID-19 pandemic.
On Tuesday, after the resignation of Kevin Roberts, Nick Hockley replaced him and came with a program. He believes that this program provides long-term sustainability as well as improvement of the cricket.
In a release, Cricket Australia said on Wednesday “ Today the amendedFY21 plan provided to the staff members, which made out nearly $40 million cost reductions in a year to partly reduce the COVID-19 impacts on the profit and other factors like match presence and biosecurity costs.”
He also added “ Unfortunately, the amendedFY21 plan involves a reduction of 40 members job roles. The positive effect of the Job Keeper program, as well as an exceedingly developing outlook for the season ahead, have been the current elements considered in coming at this final number.
Nick Hockley said that he believes that the Australian cricket will come out stronger from the crisis and he knows it is a tough stage for cricket.
In the month of April, Cricket Australia had taken a decision to lay off nearly 80% of staff members at the head office at 20% salary in the COVID-19 crisis.
Earl Edding Statement:
The Chairman of Cricket Australia Earl Eddings said earlier that it is a difficult situation for staff but the decisions have been taken for the proper sustainability of cricket during this pandemic.
He added, “We know that this a very tough situation for the staff of Cricket Australia, especially for those employees, who are deeply affected by these decisions and their family members.”
“However, our intention of making the decision is clear: to find out a way for cricket through this difficult time of uncertainty and disturbance to ensure we find out the other side viability in the short term and flourishing in the long term.”
Among other important elements for the financial year, Cricket Australia took a decision to continue “the Marsh Sheffield Shield, Marsh Cup, and WNCL in their recent formats for the FY20-21 edition and handling a current couple of matches for rebel KFC BBL and WBBL.”
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