Buzz People

Age UK cut 400 jobs

Age UK shed more than 400 jobs and closed about a third of its stores last year as it looked to make annual savings of £15m.
The older people's charity said it implemented the measures to help it deal with the effects of the coronavirus pandemic, according to its latest accounts, for the year to the end of March 2020. 
The accounts say the charity’s 392 stores made an operating loss of £2m, down from a profit of £700,000 in 2018/19.
The charity reported a total income of £130.9m, a £3m increase on the previous year.
Total spending rose by more than £7m to £136.3m. 
The total number of staff at the charity increased by about 50 year on year to 1,519, but it paid out nearly £1.4m in redundancies.
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