Abbey Theatre losses hit €1.8m

A MAJOR redundancy programme at one of the country’s premier cultural venues last year resulted in the Abbey Theatre recording losses of €1.8 million.

The deterioration in the finances of ‘Abbey Theatre Amharclann Na Mainistreach’ last year is confirmed in new accounts which confirm that after recording a modest surplus of €56,485 in 2008, the venue’s losses to the end of December last totalled €1.8m.

The documents show the theatre company’s restructuring costs last year towards the redundancy programme amounted to €1.2m.