Archive for June 22nd, 2010

Cork Opera House Summer Closure

22nd June 2010 by Maura McHugh

Cork Opera House

The Irish Examiner reported at the weekend that the Cork Opera House will close for three months in a move to cut costs.

Draft accounts show it recorded a loss of roughly €300,000 for the year ended March 2010. The board has been advised it must cut costs by €500,000 from a total spend of €3.5 million last year.

Staff were told yesterday that the doors of the 1,000-seat venue will be closed from July 4 to September 29 to help stem the losses. But the theatre will have to reduce costs further through a combination of “significant payroll reductions” and redundancies.

The decisions are based on recommendations following a review of the theatre’s books by Deloitte and Touche.

The theatre’s interim executive director, Padraic Liston, who has been in place for eight days, said he supports the outcome of that review. He briefed staff yesterday afternoon.

He said the cost-saving measures are essential to address the financial situation.

“The summer is traditionally not a profitable period,” he said. “The losses would have been compounded, which led the board to take the unpalatable decision to close.