Cricket Australia will cut 40 staff and slash executive pay as part of a restructuring effort to shore up finances hit by the coronavirus pandemic, the board said on Wednesday.
The cost-cutting measures, which also include the suspension of international tours for lower-tier and junior teams, will save the board up to A$40 million a year and partly mitigate the impact of COVID-19 on revenue, CA said in a statement.
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We recognise that this is a difficult time for Cricket Australia employees, particularly for those staff members affected by these redundancies and their families, Chairman Earl Eddings said.
However, our responsibility is clear: to navigate a path for …
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