Historic Royal Palaces (HRP), which runs the Tower of London – the home of the oxen – has seen revenues drop by £ 98million this year, he said.
The charity has “no other choice but to reduce our salary costs,” said general manager John Barnes in a statement, adding: “We are sorry it has come to this.”
“We have taken all possible measures to secure our financial situation, but we must do more to survive in the long term,” he said.
“The Yeoman Guardians are a valued part of the Tower of London and popular with our visitors. They will continue to be part of the history of the tower in the years to come. ”
There are 37 Yeoman Guardians, nicknamed Oxen, who guard the Crown Jewels and live in the Tower Gardens with their families.
They were originally part of the Yeoman of the Guard – the personal bodyguard of the monarch who traveled with them everywhere.
They began their famous occupation in the 16th century, when Henry VIII ordered that part of his guard should protect the tower.
At least two oxen have made voluntary layoffs, but the self-funded HRP, which saw its revenues fall by 87%, warned that mandatory measures could be applied.
HRP said in a statement that it is “almost entirely dependent on visitor revenues” and that the nearly four-month closure of its six sites “will be compounded by the expected slow recovery in arrivals. tourism« .
The industry, she notes, is not expected to fully recover to 2019 levels until 2023 at the earliest.
The management of its six sites, which also include Hampton Court and Kensington Palace, cost £ 32 million in the past financial year, with £ 10 million for basic maintenance, said HRP.
The running costs of buildings like the Tower of London are “watering”, he added.
“Our electricity bills for the Hampton Court Palace and the Tower of London are three quarters of a million pounds a year,” the statement said.
HRP said he believed this was the first time smugglers had been sacked and told staff “it is likely” that a compulsory dismissal plan would follow the voluntary plan, which began in June and has closed last week.
“Obviously, this is an absolutely unprecedented situation – they are valued employees and we have been forced into this position by circumstance rather than by choice,” the statement said.
In 2019, the Oxen went on strike for the first time in 55 years, on a pension conflict.