The opera will have to save 25 million and will have to introduce a comprehensive savings plan, reports Dagbladet.
In an internal memo, Dagbladet has gained access to, it is informed that it will be a cut of least NOK 25 million by the end of 2021.
Geir Bergkastet, CEO of the Opera, tells the newspaper that it is too early to say whether employees could be at risk of losing their jobs.
– “We will try to solve any redundancy and staff reductions with schemes that encourage voluntary retirement, but it is too early to say anything about the final scope and solution,” he says.
Bergkastet says the costs will grow more than the government subsidy and the opera’s own income going forward.
– “Government grants do not fully cover wage and price growth. We will also have to spend more on maintenance and technical investments in the years to come,” says the director.
In the state budget for 2020, the Norwegian Opera receives NOK 657 million in operating grants.
© NTB Scanpix / #Norway Today