Workers have built up 8million dormant pensions worth £1,000 or less as auto-enrolment means they acquire a new pot every time they change jobs, new research reveals. The number is forecast to rise to 27million small inactive pots by 2015, which the study suggests will become unsustainable because of a double blow on charges. Small … Read more
Dyson cutting 600 jobs in UK as vacuum maker grapples with impact of coronavirus By Daily Mail City & Finance Reporter Published: 22:15 BST, 23 July 2020 | Updated: 22:41 BST, 23 July 2020 Dyson is to axe 600 jobs in the UK as the vacuum maker grapples with the impact of coronavirus. The Wiltshire-based … Read more
BA pilots urged to vote for deal that will make fewer staff redundant but will cut their pay over next three years By Daily Mail City & Finance Reporter Published: 22:15 BST, 23 July 2020 | Updated: 22:17 BST, 23 July 2020 British Airways pilots have been urged to vote for a deal that will … Read more
Premier Inn owner Whitbread may cut 250 head office roles as it hauls itself through coronavirus crisis By Daily Mail City & Finance Reporter Published: 22:08 BST, 22 July 2020 | Updated: 22:29 BST, 22 July 2020 Premier Inn owner Whitbread may cut 250 head office roles as it hauls itself through the crisis. It … Read more
Delivery firm Hermes to create more than 10,000 new UK jobs as it invests £100m following huge spike in online shopping By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 July 2020 | Updated: 21:50 BST, 20 July 2020 Hermes is creating 10,500 jobs as locked down Britons turn to online shopping. The … Read more
Hundreds of people have scrambled for two pub jobs in a sign work in Britain is running dry. As many as 484 hopefuls applied for two £9-an-hour positions at the Alexandra pub in Wimbledon, southwest London. General manager Mick Dore posted an advert for the roles on Twitter and was staggered by the response. He later … Read more
Britain’s coronavirus jobs massacre has continued with another 1,200 roles set to go at the Zizzi and Ask Italian restaurant chains. Azzurri Group, which owns both franchises, announced around 75 sites will have to close as the impact of the pandemic takes its toll on business. More than 65,000 workers across some of the UK’s … Read more
London‘s Southbank Centre says it may have to cut two-thirds of its staff because of the coronavirus crisis – as the number of job postings in Britain reached more than a million this week, with a significant increase in job adverts for IT professionals The Southbank, which is the biggest arts complex in Europe, warns … Read more
Government is accused of ‘corrosive’ lack of transparency as experts say a THIRD of Rishi Sunak’s £30bn deal to save jobs comes from previously planned projects IFS critical of ‘lack of transparency’ from Treasury which is ‘corrosive to trust’ Proposals to be partly funded by spending cuts on previous projects, IFS said Sunak’s Plan for … Read more
Boris Johnson insisted he does not have a ‘magic wand’ to save jobs today as he admitted that a wave of redundancies is looming. The PM said ‘no-one should underestimate the challenges’ the UK faces after the government’s watchdog warned four million people could be on the dole queue by next year. A dire assessment … Read more