The Cricket Board of Australia on Wednesday has taken some big steps to cut expenses to recover from the financial crisis. Cricket Australia has decided to cut the bonuses to senior management and cuts the jobs of another 40 employees. It has also decided to cancel the international tours of ‘A’ teams.
Nick Hockley took over as Interim CEO at Cricket Australia in place of Kevin Roberts. He has come up with a new plan that he believes will ensure long-term stability and development of the game.
According to the new plan, another 40 jobs would be lost from Cricket Australia making it to a total of 200. With this Cricket Australia has also decided to slash a $40 million from its annual budget.
Cricket Australia has decided to continue with the Domestic cricket. Cricket Australia has not made any changes in the Sheffield Shield, Marsh Cup, Women’s National Cricket League, BBL, and WBB.
But Cricket Australia has decided to put on hold the international tour of CA XI, Fox Cricket National Premier Cricket T20, and Toyota Second XI for the upcoming season.
It is a difficult time for Cricket Australia: Earl Eddings
In April, Cricket Australia, led by Roberts, removed its 80 percent. Cricket Australia Chairman Earl Eddings said it was a difficult time for the staff. But Cricket Australia takes this decision to maintain the stability of the game during this epidemic. He said,
“We recognize that this is a difficult time for Cricket Australia employees, particularly for those staff members affected by these redundancies and their families,”
“However, our responsibility is clear — to navigate a path for cricket through this period of uncertainty and disruption to ensure we come out the other side sustainable in the short term and prosperous in the long term.
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