US EditionUK Treasury offers up to 100,000-pound exit packages to cut hundreds of jobs, FT reports
- The Treasury is offering voluntary departure packages worth up to £100,000 as Chancellor Rachel Reeves aims to cut around 300 jobs by 2030.
- The Treasury has imposed a freeze on external recruitment for many non-essential posts while staffing has surged in recent years.
- Concerns about morale and job loss are high among staff, with unions warning of possible strike action if mandatory redundancies occur.
- Approximately 200 employees will receive confirmation of their exit offers by the end of the month to meet the target of 300 departures.
11 Articles
11 Articles
UK Treasury offers up to 100,000-pound exit packages to cut hundreds of jobs, FT reports
The UK Treasury is offering its officials packages of up to 100,000 pounds ($136,790) to leave voluntarily as part of plans to cut hundreds of jobs in the finance ministry, the Financial Times reported on Monday, citing people familiar with the plan.
GB News
PressNewsAgencyRachel Reeves slashes hundreds of jobs from Treasury as staff offered £100,000 exit packages
The Treasury is offering staff voluntary departure packages worth up to £100,000 as Chancellor Rachel Reeves aims to cut roughly 300 roles by the end of the decade.The reduction sits within a wider push to trim administrative spending across Whitehall by 16 per cent in real terms.Although the finance ministry employs around 2,100 people across London, Darlington, Norwich and Edinburgh, it has already imposed a freeze on external recruitment for …
UK Treasury offers up to £100,000 exit packages to cut hundreds of jobs, report claims
LONDON, Feb 2 — The UK Treasury is offering its officials packages of up to £100,000 (RM540,000) to leave voluntarily as part of plans to cut hundreds of jobs in the finance ministry, the Financial Times (FT) reported today, citing people familiar with the plan.British Finance Minister Rachel Reeves wants to trim about 300 of her department’s roughly 2,100 staff by 2030, the report said, citing several people familiar with the plan, adding that …
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
