The Museum of Literature Ireland is looking to make more than a third of its staff redundant as part of a cost-cutting drive.

The Dublin museum, which opened in 2019 in Newman House, St Stephen’s Green, blamed the cutbacks on “growing operational costs” which it said had outpaced admissions and income growth.

In a statement posted on X, formerly Twitter, the museum’s management said voluntary redundancies would be sought from among its 37 staff.

“It is estimated that some 13 redundancies are required from across the museum’s operational staff including front-of-house and back-office administrative staff,” it said.

The great Guinness shortage has lessons for Diageo

---

Ireland has won the corporation tax game for now, but will that last?

---

Corkman leading €11bn development of Battersea Power Station in London: ‘We’ve created a place to live, work and play’

---

Elf doors, carriage rides and boat cruises: Christmas in Ireland’s five-star hotels

---

However, the museum warned that if the number of voluntary redundancies does not meet the required reduction in operational costs, compulsory redundancies would “be introduced on a last-in, first-out basis”.

The museum said the “redundancy arrangements” would be statutory, meaning the staff involved would receive just two weeks’ gross pay per year of service up to a ceiling of €600 per week.

Vision Capital vs IRES REIT: trouble brewing at Ireland’s largest private landlord

Listen | 33:13

The museum is a partnership between the National Library of Ireland (NLI) and University College Dublin (UCD). It is branded MoLI in homage to the Molly Bloom character in James Joyce’s Ulysses.

“In 2023, MoLI experienced increased operational losses on previous years,” said the museum.

It said it had a trading income of some €1.4 million last year originating from admissions, retail, cafe concession, event hire, grants, philanthropic support and corporate partnership.

“Following the Covid-19 Pandemic, admissions and income growth have been increasing but this has been outpaced by the growing operational costs of the museum.

“At this point, the management of the museum has confidence that the deteriorating financial situation can be addressed by redundancies and other targeted reductions in operational costs,” it said, noting it also aims to enhance revenue generation through commercial supports and renewed approaches to marketing.

The museum said its founding partners, the NLI and UCD, remain committed to the museum. The organisation’s strategic plan includes an expanded campaign “for philanthropic support to grow its pioneering learning and exhibition programmes”.

“However, these regrettable operational cost-cutting measures are needed at this stage for the museum to work to return to financial viability and to create an operational cost model that can support the museum’s ambitions while strengthening its financial base to withstand future risk,” it said.

“Redundancy arrangements will be statutory, and additional supports relating to CV and interview preparation will be made available to staff to assist them in securing new roles outside the company.”

• Sign up for Business push alerts and have the best news, analysis and comment delivered directly to your phone
• Find The Irish Times on WhatsApp and stay up to date
• Our Inside Business podcast is published weekly – Find the latest episode here