jobs

Cut fat-cat pay before jobs, bosses are told

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One of Britain’s most powerful investors has told bosses to take the axe to their bloated pay packets first if they intend to cut costs by slashing jobs. Aviva Investors, which manages £346billion of investments, has revealed it is urging boards to cut executive pay before making large scale redundancies. It comes as a survey … Read more

De La Rue to shutter Gateshead factory putting 260 jobs at risk

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De La Rue to shutter Gateshead factory putting 260 jobs at risk after losing Brexit passport contract By Daily Mail City & Finance Reporter Published: 21:50 BST, 17 June 2020 | Updated: 21:50 BST, 17 June 2020 Printer De La Rue will end production at its Gateshead factory that has made the UK’s passports for … Read more

600,000 workers have lost their jobs and nearly 3 million on benefits due to coronavirus crisis

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Britain got its first glimpse of the predicted jobs market meltdown yesterday as stark figures showed the number claiming out-of-work benefits had soared to almost three million. And the statistics also revealed that the total on company payrolls had slumped by more than 600,000. The number claiming either Jobseekers’ Allowance or Universal Credit more than doubled … Read more

Jaguar Land Rover slashing another 1,100 jobs

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Jaguar Land Rover slashing another 1,100 jobs as coronavirus crisis causes it to burn through an estimated £2bn By Matt Oliver For The Daily Mail Published: 22:21 BST, 15 June 2020 | Updated: 22:21 BST, 15 June 2020 Jaguar Land Rover is slashing another 1,100 jobs after the coronavirus crisis caused it to burn through an … Read more

Travis Perkins axing around 2,500 jobs and shutting stores

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Travis Perkins axing around 2,500 jobs and shutting 165 stores By Daily Mail City & Finance Reporter Published: 22:22 BST, 15 June 2020 | Updated: 22:32 BST, 15 June 2020 Travis Perkins is axing around 2,500 jobs and shutting 165 stores.  The builders’ merchant, which also owns Toolstation and Wickes, said the decision comes as … Read more

Richard Caring warns PM’s ‘indecision’ on reopening restaurants, pubs could cost two million jobs

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One of Britain’s most powerful business tycoons has launched a blistering attack on the Government, warning that Boris Johnson’s ‘weakness and indecision’ on reopening restaurants, pubs and cafes will cost more than two million workers their jobs.  In a rare interview, restaurateur and private members’ club mogul Richard Caring – whose empire includes the famous Annabel’s … Read more

Jobs bloodbath: Four more major employers cut staff

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The owner of British Gas has become the latest major company to axe thousands of jobs in the wake of the Covid-19 crisis. Centrica yesterday said it would slash 5,000 roles to speed up cost-cutting plans, a blow that came as chemicals firm Johnson Matthey announced plans to shed another 2,500 staff and Bombardier Aerospace … Read more

British Gas parent company Centrica will axe 5,000 jobs blaming impact of coronavirus

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British Gas parent company Centrica will axe 5,000 jobs blaming impact of coronavirus On Thursday it was announced that British Gas will undergo a restructuring As a result its owner Centrica will remove about 5,000 jobs as they slimiline Most job cuts will take place in the latter half of 2020 with a lot of … Read more