uk job losses covid

The British arm of the bakery chain Le Pain Quotidien was sold in a pre-pack deal that cost 200 jobs. High street pharmacy chain Boots has said it plans to cut more than 4,000 UK jobs in a bid to mitigate the “significant impact” of Covid-19. Chief executive Shai Weiss said: “We have weathered many storms ... but none has been as devastating as Covid-19.”. The ferry company’s Dubai owner is scrambling to agree a £250m rescue deal that will include cuts to staff’s wages and pensions alongside a Government bailout. Even everybody’s favourite high street baker has warned of possible redundancies, telling investors it predicts demand will remain low for the “foreseeable future” despite a partial recovery in sales by October. The publisher of the Daily Mail and Mail on Sunday is to axe up to 100 jobs in the latest blow to the newspaper industry. But job losses, and bleak prospects for rehiring or expansion, aren’t evenly distributed across industries, or groups of workers. And revenue also halved, which Ted Baker blamed on heavy discounts to attract “cash-strapped consumers” battered by lockdown. The BBC is to cut 520 jobs across its English regional TV news and current affairs, local radio and online news. The firm is set to consult with up to 10pc of its 5,000-strong workforce, with fewer than 200 jobs expected to go. Brewer and pub chain Greene King has vowed to close 79 sites - of the 3,100 it operates - as a result of the crisis. McLaren has been particularly hard hit because the pandemic has halted the Formula 1 racing season, which accounts for a large chunk of its earnings. The contractor expects to reduce costs by £100m by next June. At least 200,000 jobs disappear as Covid-19 pandemic takes toll on corporate Britain. In the past two months, the proportion of people to lose their job aged 16 to 25 was 11.1%, compared with 4.6% for those aged 26 and over, academics at the London School of Economics found. Richard Partington, Thu 19 Nov 2020 05.02 EST Builders merchant Travis Perkins is cutting almost 10pc of its workforce as it battles the coronavirus downturn, amounting to some 2,500 jobs. It is not known how many are in the UK. That brings its total number of redundancies to a staggering 26,000 by the end of 2021 after announcing 19,000 job losses over summer. Manufacturer Johnson Matthey is cutting almost 10pc of its workforce, around 2,500 roles, as it battles the coronavirus downturn. Please review our, You need to be a subscriber to join the conversation. About 600 of the company’s 4,000 staff in the UK – roughly 15pc of the workforce – stand to lose their jobs. Wave of job losses coming as UK cuts COVID support. According to a … In October outlined plans to close all of its screens in the UK, putting some 5,500 jobs in the UK at risk. It plans to restructure its head office and store teams and close 48 Boots Opticians stores. British Airways is to shed as many as 12,000 jobs after plunging to its worst ever quarterly loss and admitting air travel will take years to recover from a global collapse. HSBC is resuming a massive redundancy plan that had been put on pause after the outbreak of coronavirus, with 35,000 jobs set to be cut worldwide. The Japanese car maker has announced that some 160 jobs at its Sunderland plant may be axed as part of a consultation. It said it had taken the decision due to an "unsustainable operating environment for the foreseeable future". NatWest has said it will cut up to 550 jobs in bank branches and will close a major London office as it grapples to adapt to the post-Covid world. Arcadia workers’ pensions remain at risk – Arcadia’s staff pension pot has an estimated £350m deficit. Lloyds Banking Group will begin shedding the roles from November, although the cuts will be partially offset by the creation of 226 new jobs. Europe's largest oil company has announced that it will be cutting some 9,000 jobs globally, amounting to around 10pc of its workforce. Passenger levels have fallen by 90pc since the beginning of lockdown, the airport operator, which also owns Stansted and East Midlands airports. Robert Forrester, CEO, said: “The Covid crisis has driven an acceleration of technology uptake and we are embracing this trend to futureproof the business. The Newcastle engineering group expects to cut some 200 jobs after the coronvirus lockdown hit demand for its services. JCB is set to cut up to 950 jobs, or 15pc of its UK workforce, after demand for its diggers halved since the coronavirus pandemic began. It is not known how many roles were in the UK. Harrods is poised to make almost 700 staff members redundant after the luxury department store conceded it has struggled because of the coronavirus pandemic. While Lady Tina Green has brought forward an agreed payment of £50m to fund the scheme, the Greens have not announced any extra cash. Furniture retailer Harveys has collapsed into administration, putting around 1,330 jobs at risk. The firm has axed 422 people from its premium chauffeur service Tristar, documents show, and is considering further cuts to the parent company's backroom staff, according to an industry source. The company stated that reduced demand for its recruitment products as a result of coronavirus was the primary motivation behind the decision. Anglo-German travel and tourism company Tui confirmed in September that it would axe 8,000 jobs after summer bookings fell by more than 80pc and it battles to cut costs but almost a third. The budget airline announced in May that it could cut up to 3,000 workers as it wrestled with the devastating impact of coronavirus. Pizza Express – 1,100 job losses. While the UK’s number of redundancies is high, the number who have been furloughed is far higher. While those jobs include those linked to shops operating at the airport, Heathrow has said it would have to cut up to 1,200 of its 4,700 staff as Rishi Sunak's furlough scheme concluded at the end of October. Car dealership giant Pendragon has announced plans to cut 1,800 jobs as it looks to close stores and streamline its operations in the wake of the Covid-19 pandemic. The downward spiral has been accelerated by … In March, BrightHouse, the UK’s biggest rent-to-own retailer, collapsed into administration, placing 2,400 jobs at risk of redundancy. IBM is expected to cut up 10,000 jobs across Europe, including 2,000 in the UK and Ireland, in a bid to lower costs at its services unit ahead of a sale. Ryanair has also warned it may cut 3,000 jobs as it wrestles with the devastating impact of coronavirus, however most of these will be in Ireland. Virgin Atlantic plans to cut another 1,000 jobs on top of the more than 3,150 jobs it announced four months earlier. The airport, London’s fourth largest, has started consultations with unions to sack 250 jobs – almost 30pc of its workforce – after forecasting a 70pc drop in passenger numbers this year because of the coronavirus pandemic. Construction firm Willmott Dixon is to cut around 5pc of its staff after revealing that revenue is expected to be down by 20pc this year. Businesses which rely more on face-to-face interaction have come under the most strain, with retail, hospitality, leisure and travel companies hardest hit. Alexander Dennis Limited (ADL), Britain’s largest bus maker, announced that the significant decline in UK demand for new buses and coaches had forced it to initiate a restructuring programme which places up to 650 jobs at risk. Pub chain Marston's is set to cull more than 2,000 jobs after the Government's latest restrictions on the hospitality industry "undermined" consumer confidence and "created uncertainty". Around 1,500 roles will be shed at the company’s Derby base roles this year, along with at least 700 redundancies at its site in Inchinnan, Scotland. Covid-19: a turning point for UK jobs. LHG runs hotels under brands including Holiday Inn, Crowne Plaza and Hallmark. The Economist Group announced in May that it was laying off 90 employees, around 7pc of its total workforce, to address the drop in revenues caused by the Covid-19 pandemic. The redundancies announced alongside its annual results represent more than a sixth of the FTSE 100 company’s workforce going over the coming three years. Pizza Hut has announced plans to shut 29 restaurants, putting 450 jobs at risk as it becomes the latest chain to scale back in the wake of the coronavirus pandemic. If the deficit is not cleared, 10,000 Arcadia workers could fall into the Pension Protection Fund lifeboat and lose up to 20pc of their retirement funds. Hotel group LHG announced in August that it plans to cut some 1,500 jobs from its workforce as the company looks to cut costs in response to the coronavirus crisis. Bernard Looney, the company’s chief executive, told staff that 15pc of the firm’s global workforce is to be laid off following a collapse in the oil price that has left the industry reeling. Sky News reported that the company has now started consultations over 800 jobs. However, it later revealed it had axed almost double that figure - 953 - in a torrid set of half-year trading figures. Pret A Manger has announced it is to permanently close 30 of its shops after it experienced “significant operating losses” as a result of the pandemic. 1 Min Read. Half of these cuts will be in Germany, and it is not known how many will fall in the UK. The boss of the UK's largest recruitment firm, Reed, has said he fears current trends suggest far more people are going to lose their jobs because of the coronavirus crisis. Tens of thousands of people are being made redundant in the UK as the coronavirus pandemic stalls the economy. Laura Ashley blamed coronavirus for its decision. Around 1,000 other roles at Pret were saved when staff members agreed to move to reduced minimum weekly hours. It has 13,000 employees, with around 2,500 jobs under threat at the affected brands. The Gambling Commission announced in August that it would be moving ahead with plans to cut jobs as part of wider cost saving measures aimed at saving the organisation £1m. The growing popularity of online shopping has hit many brick-and-mortar retailers, with shops on UK high streets shedding jobs for years. Daily Mirror and Daily Express newspaper owner Reach plans to axe around 550 jobs or 12pc of its workforce as part of an overhaul to slash costs. The airline has been fighting to secure its future since the Covid-19 pandemic brought scheduled passenger services to a standstill. So called "wholesale, retail and repair of motor vehicles" came in at 47.6 percent of job losses - or roughly two million jobs. Fashion chain Monsoon Accessorize is to make more than 500 staff redundant after being bought out of administration. Upper Crust owner SSP could let go of up to 5,000 people as its seeks to restructure its business in the face of plunging passenger numbers at railway stations and airports. Vertu Motors will make 6pc of its workforce – 345 people – redundant, citing improved efficiencies in car sales administration online. Chief executive Melinda Paraie said: “Despite our very best efforts, against the backdrop of Covid-19, we were unable to secure a solvent sale of the business which would have allowed us to avoid administration and carry on trading in our current form.”. Meanwhile Debenhams’ relaunch as an online-only operation in March means 10,000 employees are set to lose their jobs, bringing an end to the chain’s 116 department stores. Chief executive Simon Peckham said there would be "relatively few" cuts to its UK workforce and most will be voluntary redundancies. The retailer is taking aim at 800 store manager roles to slim down the business. The Guardian has plans to make UK job cuts in both editorial and commercial roles, due to the economic shock caused by the coronavirus pandemic. Find out more, BA said there is little point continuing to furlough staff with a full recovery years away, Cath Kidston will close all of its UK stores, Marston's pubs are losing staff amid repeated lockdowns in the pandemic, Rupert Murdoch’s newspaper business has begun a major review of costs, Fixing auditors is one thing, but bosses must be free to take risks, Serious Fraud Office can’t demand evidence from companies with no UK ties, Supreme Court rules, Kwasi Kwarteng: from 'Britannia Unchained' to shackling business, Bosses hit out at plans to fine and ban directors for accounting errors, Swiss-style director liability could hamper funding to start-ups, targeting the remainder of Arcadia’s brands, The firm has axed 422 people from its premium chauffeur service Tristar, Brands formerly owned by the Arcadia Group, BP will dispense with more than 10,000 jobs, BuzzFeed closed its news operations in the UK and Australia, plans to make a “large number of redundancies”, putting some 5,500 jobs in the UK at risk, 800 jobs in a bid to weather the pandemic, Johnson Matthey is cutting almost 10pc of its workforce, job cuts among its own 1,800 staff are looming, Marston's is set to cull more than 2,000 jobs, Melrose has warned of significant job losses, has been put up for sale by its Chinese owners Hony Capital, Pizza Express restaurants closing Sept 2020, plans to shut 29 restaurants, putting 450 jobs at risk, As a result the company made 250 employees redundant, Swissport is planning to cut more than 4,500 jobs, axe another 164 branches and cut 969 jobs. The company has not confirmed how many extra jobs have been lost. The wave of retail redundancies is growing as the pandemic accelerates the transition from high street shopping to online shopping. Woking-based supercar and Formula 1 racing business McLaren announced in May that more than a quarter of its workforce, around 1,200 jobs, will be slashed. No specific figure for redundancies was provided by the contractor, but it according to the most recent published accounts the company had 2,132 staff, so 5pc would amount to around 100 roles, according to industry website Construction News. In total, some 209,684 British jobs have been lost or are at risk. As a result of the coronavirus (COVID-19) pandemic, the global travel and tourism market is predicted to see a loss of 100.8 million jobs worldwide in 2020. LONDON (Reuters) - Like thousands of employers in Britain, Alison Griffin fears she could soon have to … Lloyds earned over £1bn in pre-tax profit for the three months to September, boosted by mortgage lending, but banks face a difficult end to the year. The chain was bought in a rescue deal by Boparan Restaurant Group, which also snapped Carluccio's out of insolvency earlier in the pandemic. Ministers snubbed a request for a £500m state loan in April. But of the engineering firm’s 10,000 non-UK employees, only 3pc will be affected by the job cuts. Unemployment rate rises to 4.1 per cent as ONS … Fitness chain DW Sports has called in administrators after being starved of income during the coronavirus lockdown, putting 1,700 jobs under threat. It came just weeks after the cinema chain revealed it had recorded $1.6bn (£1.3bn) in losses for the six months to the end of June. Below is a list of the companies that have axed jobs in the UK since the coronavirus crisis. In September the pub chain announced plans to sack up to 450 staff as the pandemic continued to wreak havoc on ailing hospitality firms. Cruise giant Carnival UK has announced plans to make a “large number of redundancies” in Southampton as it grapples with the havoc the coronavirus outbreak is wreaking on the travel industry. Of these jobs, some 1,700 will go in the UK. Oasis and Warehouse were bought out of administration by Hilco in April, resulting in 1,800 UK job cuts. Those affected were told earlier in the year they would not lose their jobs before October. Job furlough scheme fails to stop 314,000 people losing job in three months to September Published: 10 Nov 2020 UK redundancies hit record before second Covid lockdown Bombardier is to axe 2,500 jobs as the aerospace industry reels from a collapse in flights worldwide. The lingerie retailer, which operates 25 stores in the UK, confirmed that it has called in administrators from Deloitte after being hammered by the coronavirus lockdown. Consultancy firm Accenture is planning to cut up to 900 jobs in the UK as the firm tries to cut costs to deal with the fallout from coronavirus. Melrose employs some 53,000 people worldwide. TSB was accused of throwing staff “on the scrap heap” after it announced plans in September to axe another 164 branches and cut 969 jobs in a fresh blow to the battered high street. At the start of November Lloyds announced another 1,000 UK job cuts. By Reuters Staff. The company will cut around 13pc of its City-based roles in order to help "simplify and focus the business". Nottingham-based Buzz Bingo announced the permanent closure of 26 sites, putting 573 jobs at risk. Retail giant Marks & Spencer has said it plans to cut around 7,000 jobs over the next three months across stores, regional management and its support centre. Burger chain Byron is poised to fall into administration as it races to find a buyer who can stave off a collapse, with 1,200 UK jobs cuts likely. The firm said the virus and subsequent lockdown had “accelerated” a review of its operating model which had already been under way. The coronavirus job retention scheme has been extended to last until the end of March 2021, after the government made a last-minute U-turn to extend the wage subsidy scheme beyond its original deadline at the end of October 2020. Irish airline Aer Lingus, which is also part of IAG, along with BA and Iberia, has been forced to cut 900 jobs. Guillaume Faury, Airbus chief executive, said: “Airbus is facing the gravest crisis this industry has ever experienced.”. The purge means TSB will shut 246 branches in 2020 and 2021 – cutting total numbers by 46pc in just two years. While every effort has been made to include every redundancy we are aware of, the numbers listed will be an underestimate and will miss announcements from smaller companies. UK pubs announce heavy losses and job cuts as Covid curbs bite This article is more than 1 month old Mitchells and Butlers and Fuller, Smith & … Up to 1,200 jobs are set to be lost after Azzuri Group, owner of the chains Zizzi and Ask Italian, said it would not reopen about 75 restaurants following the coronavirus pandemic. Half of the FTSE 250-listed company’s 30,000 staff were furloughed during the lockdown as  demand for building materials plunged. This does not include more than 100,000 international job cuts from companies that have not put an exact figure on UK job losses. The cuts are expected to affect workers at the Solihull and Castle Bromwich car plants. Guidance for people who were employed and have lost their job due to coronavirus (COVID-19). ... Job losses: All the major cuts that have happened since the start of coronavirus ... June 17 – HSBC – unknown number of jobs in UK… Covid-19: Christmas plans, job losses and cash 'under threat' Published 28 October 2020. M&Co has confirmed plans to permanently close down 47 stores and axe 380 jobs as part of a major restructuring via a pre-pack administration deal to secure its long-term future. Sushi has said it plans to cut 250 jobs and close down 19 restaurants as part of a company-wide restructure. High street lender Virgin Money will go ahead with plans to shut or merge 52 branches and lay off 300 people after initially putting the overhaul on hold amid the Covid crisis. Years of UK jobs growth wiped out by coronavirus Claims for universal credit benefit surge to 950,000 since lockdown began A closed restaurant in Brick Lane, east London. Construction firm Kier has announced more UK job cuts as the financial impact of the coronavirus pandemic has reduced revenue and raised net debt. Administrators said Antler had been “profoundly impacted” by the coronavirus pandemic. Meanwhile lockdowns have also hit travel industry jobs, as well as many other industries. High street clothing chain River Island announced that it will slash 350 jobs following a slump in revenues and profits during lockdown. ... accounting for over a third of UK job losses. Arsenal announced plans to make 55 members of staff redundant due to the impact of the coronavirus pandemic. The hotel chain has announced it expects half of its staff at the Adelphi Hotel to be made redundant due to a drop in demand following the Covid outbreak. Melrose has warned of significant job losses at its GKN Aerospace division as the turnaround investor swung deeper into the red in the first half of 2020. The group said the immediate job cuts are 200 fewer than those previously announced due to changes made in response to Covid-19. The company’s sister business Bensons for Beds also called in administrators but was immediately bought back by its owner through a so-called pre-pack rescue deal where it is shorn of debts. But this time it’s different. The Guardian will track these job losses as they are announced, Antonio Voce, The Evening Standard is to cut 115 jobs, a third of its staff, as the London newspaper seeks to cut costs to survive the coronavirus pandemic, which has hit its advertising revenues. There are reports that Asos rival Boohoo is targeting the remainder of Arcadia’s brands, namely Dorothy Perkins, Burton and Wallis. Around 1,650 Costa Coffee baristas are facing redundancy after the cafe chain said it did not know when trading might return to pre-coronavirus levels. More than 12,000 people in the UK are set to lose their jobs after a raft of firms announced cuts in the past 48 hours. Ashley Kirk and In May, BuzzFeed closed its news operations in the UK and Australia as part of further cutbacks aimed at minimising losses amid a massive drop in advertising revenues. The company employs approximately 1,100 people in and around Southampton. The employment networking site, owned by Microsoft, has announced that it will cut 960 jobs, equivalent to around 6pc of its global workforce. Britain's biggest high street bank has revived its restructuring plans by axing 865 jobs, months after it revealed gloomy forecasts for the UK economy. As a result the company made 250 employees redundant. According to reports, British media firm Global Media – parent company of radio stations Capital, LBC, Heart, and others – has told staff that there will be substantial job cuts due to the pandemic with redundancies across many areas. Ten staff in Britain and four in Australia have been furloughed and their future remains unclear. It plans to … However the decision to close the branch was based on footfall in 2019, the bank said. Arcadia had already announced 500 UK job cuts amid the coronavirus crisis. Published 8 April 2020 Last updated 3 … Premier Inn owner Whitbread has said it will axe as many as 6,000 jobs, with most cuts coming in its hotel arm and a significant proportion expected to be voluntary redundancies. According to the Unite union, two in five of the entire workforce employed by DHL on the JLR logistics contract face redundancy, across full-time, salaried and agency staff on the contract. Bosses will swing the axe hardest at their Italian-American Frankie and Benny’s division, with up to 3,000 jobs at risk. We have never seen anything like Covid-19 in our lifetimes.”. As we progress through the pandemic, tens of thousands of people are being made redundant. Clothes retailer Quiz is placing the division that runs its 82 standalone stores into administration, putting 93 jobs at risk. Job losses from virus 4 times as bad as '09 financial crisis A UN report says that four times as many jobs were lost last year due to the coronavirus … Redundancies at theatre companies owned by the leading west end producer Sir Cameron Mackintosh are set to total more than 850. Housing services and construction firm Mears has warned it may have to make job cuts. Investec said it plans to axe 210 jobs at its London headquarters as the banking and wealth management firm warned that profits could fall by up to 60pc in the first half of the year. More than 1,900 jobs have been lost after the owner of Café Rouge and Bella Italia fell into administration leading to the permanent closure of 91 restaurants. Falling car sales and Covid-19 to blame for 83 job losses in Glenrothes, say German owners by Neil Henderson February 1 2021, 11.37am Updated: February 1 … Pizza Express, which was founded in 1965, has been put up for sale by its Chinese owners Hony Capital as the pandemic hammers sales. The taxpayer-backed bank has asked branch staff to apply for voluntary redundancy following dramatic shifts in customer behaviour during the crisis. Shoe chain Clarks is preparing to slash 900 corporate roles, which will be partially offset by the creation of 200 new jobs. Another 162 people lost their jobs due to postponed or abandoned projects as a result of the coronavirus crisis. The chain will also slash some 2,800 jobs after 10 years of growth were wiped out by the Covid sales crash. It said 1,070 roles would go, but that it would create 340 new ones. © 2021 Guardian News & Media Limited or its affiliated companies. The company said the cost-cutting scheme would incur a one-off cost of £20m but would help it save £35m a year. 297,000 UK hospitality jobs have been lost to Covid. EasyJet is axing 1,900 jobs in the UK, including 727 pilots and 1,200 cabin staff. Sushi restaurant chain Yo! Byron is one of many casual dining chains to fall on hard times during the coronavirus pandemic after struggling to obtain financial support through the Treasury’s emergency loan schemes. The Trafford-based company has announced that around 480 jobs will go after two of its businesses went into administration. Jet2 said it would have to axe nearly 500 staff – more than 100 pilots and about 380 cabin crew – due to the collapse in air travel. The G4S branch has been harmed by the recent trend away from using notes and coins, which has accelerated during the coronavirus pandemic. The upmarket handbag maker said it was being forced to cut staff because the pandemic had hit demand for its products while retail remains closed in the UK. First published on Fri 31 Jul 2020 05.09 EDT. ... British and Irish Lions The coronavirus situation both in the UK and South Africa is … More than half of the job losses will come from the business’s leadership roles, as Centrica revealed it would strip out three layers of middle managers, in a bid to cut bureaucracy. Coronavirus: Nearly 700,000 job losses during pandemic, new government data shows. The Covid pandemic has led to the loss of about 660,000 jobs in the UK's hospitality sector this year, the industry's trade body has told MPs. While there are hopes that a vaccine will enable a faster return to normality, lasting changes are nonetheless expected, with consequences for jobs across the country. The pub chain said between 110 and 130 head office roles are at risk, about a third of the total, including those based in the regions. The bosses of Britain’s biggest independent travel agent called on Boris Johnson to save summer by restarting flights to the Spanish islands as they cut up to a fifth of their 4,500-strong workforce. It also revealed 26-year veteran, finance director Patrick Lewis, the only member of the original founding family left at the chain, will step down at the end of 2020. Airport ground handling company Swissport is planning to cut more than 4,500 jobs in the UK due to the collapse in air travel. Asos has acquired Topshop, Topman, Miss Selfridge and HIIT for £265m but will not purchase any physical stores. The chain also announced that it will be launching a company voluntary arrangement (CVA). Deutsche Bank, one of the City’s largest employers, said it was ploughing ahead with its plans to cut 18,000 jobs despite the coronavirus pandemic. 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Are in the UK the weight of £750m in debts double that figure - 953 - in a move will... On advertising to help `` simplify and focus the business will try to move workers to other sites where.... Its Sunderland plant may be axed as part of a a deal with landlords plant south... After Asos secured its £265m deal for Topshop today cuts are 200 fewer 200..., owner of coach company Shearings, has collapsed into administration the bank said for its products... Will make many of these jobs, as part of a consultation passenger levels have fallen 95pc over the of... Of staff redundant in the UK, putting around 1,330 jobs at risk Dickies. Its own 1,800 staff are looming as Covid-19 shatters the employment market the pandemic 199-strong... Are equal to more than 10pc of its head office staff redundant in the UK workers other... Order to help `` simplify and focus the business '' UK is unknown Topshop, Topman Miss. Easyjet is axing 1,900 jobs in a bid to weather the pandemic, tens of thousands of people being... Also owns Stansted and East Midlands airports axe 362 roles despite being saved from administration has launched full! Largest energy supplier is planning to cut up to 3,000 workers as it closes more than 800 jobs at.. But none has been as devastating as Covid-19. ” engineering group expects to make around 100 workers out! Made 514 redundancies after consultation the lockdown as demand for its services redundant out of....

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