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British Council plans job cuts to repay £197m loan · Cyprus Report

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Politics · World

British Council plans job cuts to repay £197m loan

1 sourceFirst reported 1 month agoUpdated 1 month ago

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British Council faces more job cuts to help pay off £197m loanThe Guardian · 1 month ago

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The British Council is facing more job cuts as part of a turnaround plan.
The agency aims to close operations in 11 countries to manage its finances.
It struggles to repay a £197m government loan from the Covid period.
The organization has been loss-making six years post-pandemic.
Profit is not expected until the 2029-30 financial year.

Generated by AI from the 1 sources below · always verify with the originals