Retail layoffs increase as Asos buys Topshop Business

Economist Group – unknown

The Economist Group announced in May that it was laying off 90 employees, or around 7% of its total workforce, to deal with the drop in revenues caused by the Covid-19 pandemic. It is not known how many are in the UK.

Emirates – unknown

A leaked email seen by The telegraph showed that Emirates bosses have told their 600 UK employees that they should ‘consider reducing the size of the UK workforce’.

Evening Standard – 115 jobs

The Evening Standard is set to cut 115 jobs, or one-third of its staff, as the London-based newspaper seeks to cut costs to survive the coronavirus pandemic, which has hit its advertising revenue.

G4S – 1,000 jobs

British multinational security services company G4S plans to cut around 1,000 jobs in its distressed cash handling business. The G4S branch has been affected by the recent trend away from using banknotes and coins, which gained momentum during the coronavirus pandemic.

The Gambling Commission – 332 jobs

The Gambling Commission announced in August that it was moving forward with job cuts as part of wider cost-saving measures aimed at saving the organization £ 1million .

Gatwick – 600 jobs

Gatwick Airport is to cut up to 600 jobs in response to the ‘devastating impact’ of Covid-19. The layoffs, which represent nearly a quarter of the airport’s workforce, come as passenger numbers fell 80% in August.

Boss Stewart Wingate said: “If anyone has any doubts about the devastating impact of Covid-19 on the aviation and travel industry, today’s news we have shared with our staff, regarding the proposed job cuts, are a stark reminder. “

General Electric – 369 jobs

General Electric will cut 369 jobs at its aircraft engine maintenance plant in South Wales. The company, which manufactures reactors for Boeing and Airbus, has questioned “the unprecedented impact of Covid-19”.

Genting – 1,642 jobs

Casino company Genting will cut up to 1,642 jobs at clubs and hotels across the UK due to Covid-19.

Global Media – unknown

British media company Global Media – parent company of Radio stations Capital, LBC, Heart and others – has told staff there will be substantial job cuts due to the pandemic, with layoffs in many areas.

Gourmet Burger Kitchen – 362 jobs

Gourmet Burger Kitchen (GBK) is set to close 26 restaurants and cut 362 roles despite being rescued from administration.

The chain was bought under a bailout deal by Boparan Restaurant Group, which also pulled Carluccio out of insolvency earlier in the pandemic.

Grant Thornton – 70 jobs

Faced with a 20% drop in profits, professional services firm Grant Thornton cut 70 UK jobs in the company’s tax and advisory divisions, refusing to take advantage of the job retention scheme of the government.

Guardian – 180 jobs

The Guardian plans to cut jobs in the UK in editorial and commercial roles, due to the economic shock caused by the coronavirus pandemic. The proposals could affect up to 180 jobs – 110 in departments such as advertising, gatekeeper jobs, marketing roles, and Guardian Live event business, 70 of which are from editorial staff.

Greene King – 800 jobs

Brewery and pub chain Greene King has pledged to shut down 79 sites – of the 3,100 it operates – due to the crisis. The industry giant warned that the 10 p.m. government curfew had hit the area with a wrecking ball, and that its cuts were the result of the blow to trade.

Sky News reported that the company has now started consultations on more than 800 jobs. The company will try to move workers to other sites where possible.

Greggs – unknown number

Even everyone’s favorite baker has warned of possible layoffs, telling investors he predicts demand will remain weak for “the foreseeable future” despite a partial recovery in sales by October.

The bakery has started talks with unions and staff over cutting hours to limit job cuts in the UK.

Gregory Distribution – 100 jobs

The Devon-based distribution company said it plans to lay off around 100 workers out of its 2,700 employees.

Harrods – 680 jobs

Harrods is set to lay off nearly 700 staff after the luxury department store admitted it had struggled due to the coronavirus pandemic.

In an email distributed to staff, Harrods chief executive Michael Ward said 680 jobs out of its 4,800 employees – around 14% – would be lost.

Harveys – 1,330 jobs

Furniture retailer Harveys collapsed in administration, putting 1,330 jobs at risk.

The company’s sister business, Bensons for Beds, also brought in directors, but was immediately bought out by its owner in a so-called pre-pack bailout deal where it is cleared of its debts. .

Hays Travel – 878 jobs

The bosses of Britain’s largest independent travel agent have called on Boris Johnson to save the summer by relaunching flights to the Spanish islands as they cut down to a fifth of their 4,500 employees. Hays Travel owners John and Irene Hays said some of the 878 jobs at risk could be saved if the government introduced “regional travel corridors” to the Spanish islands.

Heathrow Airport – up to 25,000 jobs

Heathrow Airport Chief John Holland-Kaye said a third of the 76,000 people employed at the airport could be made redundant as he struggles to stem losses following a massive air transport collapse .

While those jobs include those related to stores operating at the airport, Heathrow said it is expected to cut as many as 1,200 of its 4,700 employees by the end of Rishi Sunak’s leave program at the end of the month. October.

Heineken – 8,000 jobs (worldwide)

Dutch brewer Heineken plans to cut around 8,000 workers in February 2021 as the pandemic continues to hit bars and restaurants.

The cuts, which represent around a tenth of its workforce, are part of efforts to save € 2 billion in costs over the next three years.

HSBC – 35,000 (worldwide)

HSBC is resuming a massive redundancy plan that was put on hold after the coronavirus outbreak, with 35,000 jobs set to be cut globally.

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This notice was published: 2021-02-25 12:39:58