Colombo: Sri Lanka's cricket governing board has decided to reduce its staff by 60 per cent to reduce losses and improve management, the sports ministry said on Thursday. Sri Lanka Cricket (SLC), 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 per cent," Sports Minister Mahindananda Aluthgamage told Parliament adding that SLC 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.
SLC suffered significant financial losses to the tune of $69 million after co-hosting the 2011 World Cup.
SLC 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.