A total of 17 colleagues at the Ellen MacArthur Foundation have been placed at risk of redundancy, the foundation has confirmed.
Those affected by the news have been told that their jobs are currently under threat following a review into the organisation’s activities.
Based in Cowes, The Ellen MacArthur Foundation – which was founded in 2009 – is a nonprofit charity committed to creating a circular economy, which is designed to eliminate waste and pollution, circulate products and materials and regenerate nature.
A spokesperson from the Ellen MacArthur Foundation has said:
“At the Ellen MacArthur Foundation we are constantly reviewing our activities to make sure our resources are focused where they will have the greatest impact and help us achieve our goal – supporting the world’s transition to a circular economy.
“Like any well-managed organisation, we need to flex and evolve as priorities and the economic landscape change.
“Following our latest review, 17 colleagues have been placed at risk of redundancy. We recognise this is a difficult time and are committed to supporting those impacted. Following a consultation process, we will explore every avenue to minimise the number of job losses.”
The roles at risk of redundancy have not been disclosed to Island Echo, but it’s understood at least 8 jobs are set to be cut.
So what do they actually do then
Going around in circles?
A talking shop. They conduct and fund research into the circular economy with funding from big business. All talk and no action. Makes them feel important. But they certainly know how to spend money on salaries.
this foundation is registered as a charity…
it spent £8,854,000 on wages/salaries/pensions and social security costs last year.
one person is getting between £210,000 and £220,000 a year.
senior management on their own trousered over a million in wages.
hardly surprising they need to make cuts
its charity mate..someone always creams off the money..
If these figures are correct , which I assume they are , then the whole ethos seems skewed. Those working for charities deserve realistic salaries But £210,000 a year does not fit well with charity work in my view.
You don’t understand the specific meaning of the word “charity”. This is a charitable foundation as in it is not a money-making concern. It is not Oxfam or Christian Aid, but instead it is an organisation that tries to facilitate the transition to a circular economy. However, the CEO’s salary is ridiculous.
Sounds like a job for the fraud squad to me. Investigation needed for sure.
Sounds like yet another charity that’s not fit for purpose then