Manchester United Slashes 200 Jobs Amidst COVID-19 Financial Crisis
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Manchester United has announced plans to cut 200 jobs as part of its strategy to mitigate financial losses due to the COVID-19 pandemic. The job cuts will affect various departments and are expected to be completed by the end of the 2020-21 season. The club's chief executive emphasized support for affected employees, including outplacement assistance and severance packages. This decision follows previous cost-cutting measures, including furloughing staff. The pandemic has severely impacted the club's revenue, leading to increased scrutiny of its financial performance and high levels of debt.
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