Home Business News Tower of London Beefeaters face redundancies due loss of tourism

Tower of London Beefeaters face redundancies due loss of tourism

by LLB staff reporter
20th Jul 20 3:06 pm

The historic Beefeater guards are facing job cuts after visitor revenues to the Tower of London have plummeted due to lockdown.

Historic Royal Palaces (HRP) confirmed that for the 37 Yeoman Warders a voluntary redundancy scheme is in place, which could be followed by a compulsory scheme.

HRP have six sites which includes Kensington Palace, which heavily rely on “international tourism,” but coronavirus has drastically hit revenue.

The last time the historic Yeoman Warders face layoffs was in 1485 when King Henry VII reigned the country.

HRP chief executive John Barnes said, “Historic Royal Palaces is a self-funded charity. We depend on visitors for 80% of our income.

“The closure of our six sites for almost four months has dealt a devastating blow to our finances, which we expect to continue for the rest of the financial year and to be compounded by the slow recovery of international tourism.

“We have taken every possible measure to secure our financial position, but we need to do more to survive in the long term.

“We simply have no choice but to reduce our payroll costs.

The Tower of London traditionally has around 2m annual visitors each year, but due to social distancing they are only allowed less than 1,000 people a day.

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