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Scope implements redundancies to beat credit crunch 03/10/08
 

Scope is to reduce its senior management team and introduce other cost-saving measures to minimise the impact of the worsening economic slowdown before it reaches its peak.

The national disability charity is making five senior management posts redundant, including two posts on its executive management board.

There will also be redundancies in several other back office departments as the organisation streamlines its administration and management functions. 

These changes will step up the pace of its existing financial improvement programme in order to stay ahead of the declining UK economy.

Scope is facing increasing running costs at a time when some of the charity’s key sources of income are in decline – namely a slow down of legacy income, a drop in investment value and delays in property sales - due to the current economic climate. 

The future impact of the credit crunch on fundraising income from public donations also remains uncertain.

Unlike many other charities, Scope does not have substantial financial reserves. It has decided to take action now to minimise the impact of the economic slowdown, which is widely predicted to worsen.

The charity is also undertaking other practical measures to reduce overheads, such as cutting non-essential expenditure and reviewing purchasing arrangements. 

Alice Maynard, chair of Scope’s Trustees Board, said: “Scope, like many other charities, is feeling the pinch of the current economic slowdown. We are operating in a tough economic environment and therefore need to take tough decisions - this is pre-emptive action aimed at mitigating the full impact of a possible recession.

“These changes will mean we have to focus on our key priorities in the short-term, which include delivering excellent services to disabled people and their families and the continued lobbying and influence of our Time to Get Equal campaign. Our commitment to disabled people’s equality and human rights remains at the heart of our mission.”

 

 

 

 

 

 

 

 

 

 
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