Voluntary Exit Scheme to save £3.1 million
 

Group Chief Executive's Weekly Message

30th March 2015


Colleagues,

As you will be aware, Government is reducing funding to Translink in the year ahead by £13 million, equivalent to 20% of the funding we receive from DRD; as a result we are making efficiencies across the business.

Today we are launching a Voluntary Exit Scheme to achieve a reduction of up to 60 jobs at management, supervisory and administration levels. These do not relate to 'frontline' services.

The scheme will cut our management, overhead and administration costs by £3.1 million annually. This is the first area where we have sought to make savings and is in line with our priority to do all we can to protect front line public services. These are greater savings than the £2.1 million which we announced on the 24th February, and reflect our ongoing determination to seek out the maximum efficiencies that we can in the management and supervisory areas

I am confident this Voluntary Exit Scheme will achieve the management overhead and administration cost target we have set ourselves.

We will be carrying out briefings with employees who will be eligible to apply for this scheme and we are also engaged in discussions with the Trade Unions.


David Strahan

Group Chief Executive

 
v3.2.2.1