Tag: furlough

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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Coronavirus: Furlough scheme must be replaced, says CBI

Media playback is unsupported on your device Media captionPub and restaurant owner Cerys Furlong says the industry is expecting more problems The furlough jobs scheme needs to be replaced when it ends to support the hardest-hit businesses, an industry body has said. Tourism, hospitality, leisure and aviation are some of the sectors still looking to recover from the pandemic. CBI… Read more →

Furlough ‘must be extended’ to avoid mass unemployment, say MPs

Image copyright Getty Images The UK government should consider a targeted extension of its furlough scheme, MPs have said. The coronavirus crisis risks mass long-term unemployment and viable firms could go under without support, the Treasury Select Committee has warned. However, a blanket retention of the scheme would not be good value for money, it added. The Treasury said it… Read more →

Redundancy advice calls triple as furlough scheme winds down

Image copyright Getty Images Image caption Citizens Advice had the highest daily number of visitors to its website topped four times in one week Thousands of firms and employees are seeking redundancy advice as the coronavirus crisis continues to bite into the UK economy. Conciliation service Acas said calls to its redundancy advice line almost tripled in June and July,… Read more →

Coronavirus: Is the furlough scheme ending too soon?

Image copyright Bloc Blinds Image caption Bloc Blinds adapted to manufacturing PPE early in the pandemic Not many Northern Ireland businesses can say they have thrived during the pandemic. Obvious exceptions are manufacturers, like Bloc Blinds, which quickly reorientated its factories to produce vital personal protection equipment (PPE). The IT firm Kainos has also been able to keep growing. In… Read more →