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Guide Dogs' losses mean possible job losses

Howard Lake | 4 September 2002 | News

The Guide Dogs for the Blind could make up to 150 staff redundant after losing £20m on its stock portfolio last year.

According to The Guardian, “the charity’s expenditure exceeded its income by an average of £11m a year” over the past ten years. It overspent its £40m income last year by its by £16m.

The charity’s restructuring plan aims to balance income and expenditure by 2004.

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Read “Jobs at risk after charity loses £20m” by Sara Gaines and agencies at SocietyGuardian.

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