Bella Italia and Cafe Rouge are on the brink of collapse with 6,000 jobs at risk after owner files notice to appoint administrators at High Court Owner Casual Dining Group said move will give the firm 10 days breathing space The company confirmed it’s working with advisers from corporate finance firm AlixPartners over a potential restructuring … Read more
Workers in private sector face year of stagnant wages and few chances to move, as pay and hiring suffer coronavirus fallout By Daily Mail City & Finance Reporter Published: 21:55 BST, 17 May 2020 | Updated: 21:55 BST, 17 May 2020 Workers in the private sector are set for a year of stagnant wages and … Read more
British Airways’ owner could slash thousands more jobs as airline industry faces its ‘greatest crisis’ By Francesca Washtell For The Daily Mail Published: 22:16 BST, 11 May 2020 | Updated: 22:53 BST, 11 May 2020 British Airways’ owner could slash thousands more jobs as the airline industry faces its ‘greatest crisis’. IAG has already announced … Read more
TUI will cut up to 8,000 jobs across the globe after losing £747m in 2020 as chief exec says Covid is the ‘biggest crisis’ ever faced by holiday industry Anglo-German company said it was working to ‘reduce its cost base’ by 30% Said this will affect 8,000 roles that will ‘either not be recruited or … Read more
Men working in low paid jobs are significantly more likely to die of COVID-19 than anyone else between the ages of 20 and 64, a ‘horrifying’ report has revealed. Those who work as security guards have one of the highest death rates along with social care workers, drivers and chefs. And they are up to … Read more
Virus wreaks havoc on jobs as number of permanent staff appointments falls at sharpest rate in recorded history By Daily Mail City & Finance Reporter Published: 21:50 BST, 6 May 2020 | Updated: 21:50 BST, 6 May 2020 The coronavirus crisis is ‘wreaking havoc’ on the UK jobs market, a new report has showed. Businesses … Read more
Engineering giant Rolls-Royce preparing to cut up to 8,000 jobs in jet engine business By Harriet Dennys, Financial Mail On Sunday Published: 21:57 BST, 2 May 2020 | Updated: 21:57 BST, 2 May 2020 Engineering giant Rolls-Royce is preparing to cut up to 8,000 jobs in its jet engine business. An insider said the company’s … Read more
Further gloom descended on airline stocks after Ryanair said it could cut up to 3,000 jobs. The Irish budget carrier will kick off a restructuring programme in a bid to survive the coronavirus crisis that could also include staff taking unpaid leave, slashing salaries by 20 per cent and temporarily closing bases at certain airports. The … Read more
Ryanair boss Michael O’Leary has today cut up to 3,000 jobs but vowed to refund 25 million out-of-pocket customers – as Heathrow sees a 97 per cent drop in travellers in the last month. The airline said a stringent restructuring programme will begin in July, with some 3,000 pilot and cabin jobs under threat. Speaking … Read more
Up to 3,000 jobs across pilots and cabin crew will be cut at Ryanair, it was revealed today. The budget airline group announced that a restructuring programme could also involve unpaid leave and pay slashed by up to 20%, as well as the closure of ‘a number of aircraft bases across Europe’ until demand for … Read more