ITF announces ERTE and cuts after 900 tournaments canceled

first_img“The remaining workers will proceed to work to maintain important companies and platforms important with a 10% pay minimize. The management staff will minimize wages by 20%, whereas the ITF president has voluntarily proposed a 30% lower for one yr, “the assertion stated.“We now have postponed over 900 tournaments on all ITF circuits, together with the 2020 Federation Cup Finals, and it stays unsure when the sport may be resumed. Whereas suspending occasions and prioritizing safety is the suitable response in these distinctive circumstances, it has resulted in plenty of advanced challenges, together with a big lack of income, “the company notes.“To be able to safeguard jobs and defend the long-term well being of our group and our sport, the ITF is implementing a sequence of measures, efficient as of at this time, which embody undertaking financial savings, a labor safety scheme for workers and the usage of ITF Reserve funds, “he stresses. The Worldwide Tennis Federation (ITF) has issued a press release this Thursday saying cuts in several initiatives, within the salaries of managers, in addition to the momentary suspension of employment for half of its staff. with the purpose of resisting the financial losses generated by the coronavirus and the greater than 900 tournaments which have been canceled within the final month.“The scenario we face represents a elementary problem for our group and our sport. Our goal is to ensure the long-term progress and sustainability of our sport in collaboration with our 210 member nations, so we’re making powerful choices within the brief time period in order that we will proceed to ship tennis for future generations world wide. “, indicated David Haggerty, the president of the ITF.Haggerty recalled that “as a non-profit group,” the “90% of ITF income is reinvested in applications that drive the expansion of tennis”. And now he believes needed a “labor safety system” that “features a allow for roughly half of the ITF workers”, the equal of an ERTE in Spain.last_img

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