Tag: cuts

Greggs hints at job cuts as furlough scheme ends

Image copyright Getty Images Bakery chain Greggs has hinted at possible job cuts as the government’s furlough scheme ends. The company, which employs 25,000 workers, expects business activity to “remain below normal for the foreseeable future”. It said it had reviewed staff costs and was currently consulting with unions and employee representatives. Greggs said it wanted to reduce the risk… Read more →

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Bosses’ pandemic pay cuts ‘superficial’ says report

Image copyright Thinkstock The UK’s biggest listed companies have failed to address their bosses’ huge salaries during the coronavirus pandemic, a pay report claims. Despite some high-profile reports of executive pay cuts, these were mainly “superficial or short-term”, it says. Nor have firms addressed a culture of excessive bonuses,  says the report by the CIPD, the professional body for HR,… Read more →

Selfridges: Staff cuts ‘toughest decision we’ve ever had to take’

Image copyright Reuters Upmarket department store chain Selfridges is cutting 450 staff after saying that the coronavirus outbreak has led to “the toughest year we have experienced in our recent history”. In a letter to staff, boss Anne Pitcher said it was “the toughest decision we have ever had to take”. The retailer has four stores – one each in… Read more →

Collins Aerospace announces 235 job cuts amid Covid-19 downturn

Image copyright Google A County Down aerospace company has announced it is cutting 235 jobs, almost a quarter of its workforce. Collins Aerospace is an aircraft seat manufacturing plant in Kilkeel that employs over 948 people. In a statement, the company said the planned redundancies were due to Covid-19’s “impact on demand for aerospace production”. SDLP South Down MLA Sinead… Read more →