Up to 65% of Royal Exchange Theatre’s staff in Manchester face redundancy
Today the Royal Exchange Theatre in Manchester has had to take the heart braking decision to scale back their organisation as a result of the Covid-19 Pandemic. These situations are becoming far too regular an occurrence in our industry.
A statement posted on their website earlier today reads:-
“The impact of Covid-19 on the Royal Exchange Theatre is monumental, and we have been working incredibly hard to ensure the survival and the future of our theatre.
The Royal Exchange is heavily reliant on the income earned through ticket sales, fundraising, food and drink and venue hire. Over recent years we have been successful in reducing our dependence on public subsidy, which now equates to less than 25% of our £10 million annual turnover. As such, the impact of lockdown and our...