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Guide Dogs' losses mean possible job losses

Guide Dogs' losses mean possible job losses

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.

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

Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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