Rosehill. 'Things are tough' at the STC

The Sydney Turf Club, facing a loss of $3.8 million, aims to cut its wages bill by 3 per cent. By asking employees to work four days instead of five and taking other steps, the STC “will save around $500,000 a year”, club chairman, Bill Picken, said in The Sydney Morning Herald. “Things are tough”. The loss would be the first result in the red in 70 years of operation. The STC employs about 120 full-time and 800 casual workers.