Sri Lanka Cricket to trim staff by 60 percentJune 7th, 2012 - 8:51 pm ICT by IANS
Colombo, June 7 (IANS) Sri Lanka’s cricket governing board has decided to reduce its staff by 60 percent to reduce losses and improve management, the sports ministry said here Thursday.
Sri Lanka Cricket, which has been mired in serious finance difficulties since the World Cup in April 2011, has decided to trip its staff to reduce financial pressure.
“We have decided to reduce the staff under contract by 60 percent,” Sports Minister Mahindananda Aluthgamage told parliament adding that Sri Lanka Cricket employees 226 staff under contract.
He pointed out that most of these contracted employees are unnecessary and therefore needed to be laid off once their current tenures come to a close, reported Xinhua.
Sri Lanka cricket suffered significant financial losses to the tune of $69 million after co-hosting the 2011 Cricket World Cup with India and Bangladesh.
As a result, cricketers’ salaries were delayed for around six months and the governing body has had to tighten its belt to stave off bankruptcy after the Sri Lankan government refused loan assistance.
- Sri Lanka forms new interim cricket committee - Jul 02, 2011
- Sri Lanka interim cricket board dissolved - Jul 01, 2011
- Sri Lankan Cricket left with huge 23 m dollar debt after World Cup - Apr 12, 2011
- Sri Lanka's bankrupt cricket board dissolved - Nov 15, 2011
- Sri Lanka to ban sportsmen refusing to represent country - Jun 11, 2012
- Sri Lankan sports minister orders report on cricket crisis - Jan 17, 2012
- Sri Lanka to sack Dilshan, Marsh for South African debacle - Jan 19, 2012
- Sri Lanka warns life ban on doping sportsmen - Jun 23, 2012
- Cash strapped Sri Lanka board reduces budget for Australia's tour - Jun 26, 2011
- Patil, Rajapaksa to watch World Cup final in Mumbai (Lead) - Mar 31, 2011
- Ranatunga says SL selectors must resign over team's poor performance - Jan 16, 2012
- Sri Lanka slash budget, put Australia tour in doubt - Jun 28, 2011
- Patil, Rajapaksa to watch World Cup final in Mumbai (Second Lead) - Mar 31, 2011
- Sri Lanka cricket officials rush to meet BCCI - Jun 21, 2011
- Sports minister rubbishes Tillakaratne's match-fixing allegations (Lead) - Apr 29, 2011
Tags: bangladesh, bankruptcy, contracted employees, cricket world cup, finance, financial losses, governing board, governing body, India, loan assistance, parliament, salaries, six months, sports ministry, sri lanka cricket, sri lankan government, xinhua