In a letter to shareholders, chair of Hastings Pier trustees Maria Ludkin said "trustees had examined what was successful this year and were working on a new business plan with a restructuring expert.
Cuts would be in areas which will "be fundamentally altered in the future". However, poor weather forced it to close on three occasions in August and the first night of its Beano On The Sea festival in September was also cancelled.
"Sunny holiday weekends made a lot of money for the charity, however when we had to cancel events the opposite was the case," Ms Ludkin said. She added that it would not be right to go to shareholders to raise extra funds or to borrow money and increase the pier's debts.
Jo Stewart, chief executive officer of the charity, said she was 100% sure that with the right business plan the pier would be safe in the future." See BBC website.
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