Save the Children (STC) UK is considering making 197 staff redundancies in an effort to restructure and strengthen its financial position.
The charity told its staff yesterday that £6m would be saved on an annual wage bill of £44m as part of its “refocus for impact” plan, which began in 2024.
It said the plan will see more emphasis on work within the UK and a sharper international focus on protecting children in crisis, improving health and education and addressing climate change and inequality.
STC UK said it has been seeing its costs rise faster than its income with spending on staff up by £7m over four years of inflationary pressures.
The number of employees it had at the end of 2023 was 721, an additional 41 employees from the year before.
While the number of employees within the salary band of £60,000 to £160,000 increased by 28 employees between 2022 and 2023.
STC UK will consult staff on the proposed changes and voluntary redundancy will be offered to reduce the number of compulsory redundancies, it stated.
Its total gross income for the financial year ending December 2023 was £296m while its expenditure was £295m.
The last time it recorded a deficit was in 2019 when its expenditure was £2m higher than its income
‘Reorganisation will lead to a sharper focus’
Moazzam Malik, chief executive of the charity, said the restructure would move more money closer to families, communities and local partners.
Malik said: “Children in the UK and around the world have escalating needs arising from poverty, conflict and climate change.
“This reorganisation will lead to a sharper focus on those needs; and shift scarce resources from HQ activities to address challenges on the ground.”
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