Find out what our customers have to say about our service.Read more
Rangers staff face job cut fears
Monday March 5th 2012
Scores of staff at troubled Glasgow football club Rangers are to find out this week if they will be made redundant.
Administrators called in to run the Scottish Premier League club have revealed job losses are "likely" with redundancies expected to be announced this week
Employees, from players and coaches to ticket office staff or those manning tills in the club shop, face losing their jobs.
Administrators Duff and Phelps and manager Ally McCoist - as well as PFA Scotland - have held talks over proposed cuts to the playing staff at Ibrox.
Joint administrator David Whitehouse said: "There are likely to be some job losses."
He added: "We are very hopeful we can reach a consensual agreement."
Hopes that £3.6 million seized from a bank account of Rangers owner Craig Whyte's lawyers, Collyer Bristow, could help avoid job cuts have been dashed.
Although the administrators secured a court order to seize money, Mr Whitehouse said a decision on whether that cash does belong to the club will not be made in time to save jobs.
He said: "It's most unlikely that cash will be released to the club in time to address this issue."
Copyright Press Association 2012
How would you cope financially if you lost your job, fell seriously ill, or had an accident? Our great value Income Protection Insurance helps you plan for the unexpected and comes with added extras you won't always find with other insurers!