National Maritime Museum Cornwall is reviewing its structure and has opened discussions with its team offering voluntary redundancies and consultations.
In a statement, director Richard Doughty said: “Despite record breaking visitor numbers this year and the strongest financial performance ever, we still carry a financial deficit.
“We are determined to make the museum sustainable for the long term and although change is always unsettling, this is an opportune time to restructure and put in place a plan to reduce shortfalls.
“We are trying to do this with the minimum of disruption to our staff. However, to protect the future of the Museum there will be some job losses.
“This has been a hugely difficult decision and one that has demanded considerable thought. We need to be ready for the new financial year, therefore, we have been working closely with our major stakeholders to ensure their ongoing support.
“As funding for the arts and museum sector continues to go through difficult times, and as a charity and not for profit organisation, it is essential we focus on securing financial stability, self-sufficiency and resilience.
“We are appointing a head of commerce who will lead the commercial team into a more confident future that contributes further to the success of the museum.
“The museum’s performance is already outstanding amongst its peers and it is hoped that this restructure will secure an even stronger position, enabling it to continue to deliver as a leader in maritime heritage and a catalyst for regeneration.”