RonJonSurfer Posted October 12, 2005 Report Share Posted October 12, 2005 Elton and Beyonce's Label Axes Jobs Sanctuary has axed 175 jobs in a bid to cut costs. Elton John and Beyonce Knowles' record label Sanctuary has axed 175 jobs in a bid to cut costs. The cut represents a quarter of the staff at the company - which music giant Warner recently ended takeover talks with. Nevertheless, chairman Andy Taylor insists the label is safe. He says, "Although I am sad to be losing Sanctuary people, I am confident we have a high quality business and, with a much-reduced cost base, I believe we are well-placed to rapidly return to profitability." Link to comment Share on other sites More sharing options...
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