Age Action board votes for cuts
Published 27/09/2011 | 05:00
A charity has taken a number of cost-cutting measures, including a 5pc pay cut for staff, in response to a sharp fall in revenue last year.
Falls in revenue, donations and government funding, as well as once-off redundancy payouts, meant Age Action Ireland incurred a loss of €671,783 last year.
Its board has voted in favour of a 5pc pay cut for staff, two weeks unpaid leave and a pensions holiday for 2011.
Head of advocacy at the charity, Eamon Timmins, said it was now on course to make a "modest surplus".
It provided services for 30,000 older people last year.