Gers offer voluntary redundancies

07 March 2009 11:27
Rangers last month announced a pre-tax loss of more than £4.1million for the six months to December 31 - compared to a profit of £2.3million for the same period last year. Turnover was also down by £12.9million to £20.1million due to the lack of income from European football after Rangers crashed out of the Champions League to Lithuanian side FBK Kaunas at the start of the season. The results have accentuated the need to cut costs and Rangers confirmed all general workers had been offered the option of redundancy. However, the club on Saturday denied reports that staff could face compulsory redundancy. An Ibrox spokeswoman said: "Rangers Football Club is looking at its costs, which is not unlike any other business in the UK at the moment. "As part of this review, the club is giving staff the option of voluntary redundancy." The bid to reduce staff levels off the park comes in the midst of efforts to cut the playing squad, which will resume in the summer. Chairman Sir David Murray made it known in January that he was prepared to sell a key player to balance the books. Rangers accepted a £3.8million offer from Birmingham for top scorer Kris Boyd but the striker rejected the move and the transfer window closed on February 2 without any major departures. Manager Walter Smith had implied he would be happy to cut the first-team squad by up to 10 players but only Chris Burke and Jean-Claude Darcheville moved on, while Charlie Adam and Alan Gow were loaned to Championship clubs. However, Murray has pledged to "rationalise" the playing squad at the end of the season and place more emphasis on bringing through young players.

Source: Team_Talk