HRI to freeze pay, cut prize money and restrict course developments as recession bites

REDUCTIONS of prize monies, staff pay freezes and restrictions on racecourse development projects are amongst the key financial cuts announced by Horse Racing Ireland yesterday.

HRI to freeze pay, cut prize money and restrict course developments as recession bites
Fri, 21 Nov, 2008 - 00:00

HRI’s Chief Executive Brian Kavanagh said the cutbacks are regrettable, but unavoidable in the current climate.

The Irish horse racing and breeding industry employs over 16,500 people directly and indirectly and 1.5m people go racing in Ireland every year.

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