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COMMENT: Oxfam is far from immune to difficulties of finances
9:00am Saturday 26th October 2013 in News
ANOTHER day, another story about cuts. Today, we reveal that Oxfam is looking at slashing the number of staff it employs in Oxford by 110.
Understandably, the revelations have caused concern. When we think of charities, perhaps many of us don’t think that they are also enterprises that suffer financial fluctuations. But, as their finances show, they do.
That means that people will lose their jobs and the charity’s famous global reach may have to be limited. Where this will impact internationally is not yet clear, but there will be fears about who will miss out.
The picture is complicated by Oxfam’s insistence that it wants to cut back in the UK – and largely in Oxford – so that it can focus more of its energy abroad, where it says its money is best spent.
Two thoughts spring to mind. On the one hand, if the money is not there, Oxfam is left with little choice but to cut back. Yet on the other, questions have been raised about how the charity’s finances are being managed.
Officials there say that all is in hand – but whenever reserves are used, people will take notice.
Ultimately, as the charity’s bosses would no doubt agree, it is down to us as donors to fork out more cash to boost their coffers.
Oxfam plays a pivotal role in the city – so pop a few more pennies in their tins.
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