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Thursday, July 14, 2011

The National Basketball Association is embroiled in a labour dispute

The National Basketball Association, which is embroiled in a labour dispute between owners and players, has laid off 114 workers in its league offices, citing difficult economic times.

The lay-offs represent about 10 percent of its workforce and took place over a two day period, US media reported.

The staff trimming announcement comes two weeks after the Charlotte Bobcats announced they were laying off about 35 non-basketball operations staff.

The NBA says it lost $300 million this season on top of hundreds of millions in annual losses under the current collective bargaining agreement with the players. The current contract expired at the end of June.

Owners then locked out the players after the sides remained far apart on getting a new deal done.


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