Wage cuts and redundancies at Pride Park

Last updated : 21 October 2002 By
Rams ask staff to take wage cut and are asking for voluntary redundancies within the club.

Here is a statement from the DCFC official site earlier this afternoon:


restructuring of DCFC.....Is it too late?
Derby County called a meeting of off-field staff today (Monday) to explain
the first steps in a financial reconstruction of the club.

The decision to adopt a realistic long-term approach to financial difficulties brought about by relegation has the full support of the club’s bankers.

New money becomes available next year through Sky TV ‘parachute’ payments and the expiration of costly player contracts. There is also a need to sell players when the transfer window re-opens in January.

In the meantime, to help cash flow against a background of a near-£20-million debt, the first stage of the reconstruction is to ask senior staff to defer a percentage of their salaries until August next year.

Voluntary redundancies are also being offered to administrative staff as the club seeks to trim its wage bill. Further measures such as voluntary job sharing, a reduction in working hours and formal redundancies could follow.

Every member of staff, including players, will be involved in the reconstruction, and discussions will take place with John Gregory and his team in the near future.

Keith Loring Rams Chief executive
Chief Executive Keith Loring said: "The bank and their advisors have given the Board and current management team an opportunity to take the club forward, and we recognise the need to put our house in order. Good things are starting to happen with the young players on the pitch, and the reconstruction off the pitch starts today.

"We are not alone in having to face up to difficulties posed by relegation and the collapse of the Nationwide League’s ITV Digital contract, but I hope today’s announcement signals to fans that we are responding in a responsible and dynamic way."……..





Rams fans knew that some of these measures would have to be implemented but are now asking why it has taken so long to put anything in place, when it was quite clear months ago that actions of this kind were needed.