Citing a loss of more than $145 million this year and similar budget projections — absent a coronavirus vaccine — in 2021, the Phillies this week began the process to “meaningfully reduce our costs as an organization” by offering many full-time employees a buyout package.
The team’s ownership had pledged to not impose layoffs through Oct. 31, but multiple club sources indicated layoffs are now expected in addition to the buyouts. The buyout package — which offers eligible employees one week’s worth of salary for every year of employment with the Phillies, plus subsidized health benefits and a $10,000 lump-sum payment — targets many of the organization’s employees who are not in baseball operations.
“What I want you to know is that when confronted with ways of reducing our expenses in 2021 we are always going to prioritize preserving as many positions as practical,” team president Andy MacPhail said in an email Wednesday to all employees, obtained by The Athletic. “Regrettably, it is inescapable that the workforce will undergo a reduction in size.”
https://theathletic.com/2077418/2020/09 ... employees/
My Grandad was a huge A's fan. When they left town he was ticked. He refused to root for the Phillies feeling that they were only a tax dodge for the Dupont family. Its sad to say but based upon performance, the A's have done one heck of a lot better than the Phillies since they left town and under more adverse financial considerations.
