Tag: losses

Coronavirus: More than 30 job losses at Hillsborough Castle

Image copyright Heritage Lottery Fund Image caption Hillsborough Castle reopened last year following a £24m refurbishment More than 30 staff at Hillsborough Castle in County Down are to be made redundant. The 100-acre site is run by Historic Royal Palaces and is the official NI residence of the Queen. The charity said that like many tourist attractions, it had been… Read more →

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Coronavirus job losses may deepen regional inequality – Labour

Image copyright PA Image caption M&S is among the major retailers to announce big job cuts this summer Job losses triggered by the coronavirus pandemic will hurt some parts of the UK more than others and deepen regional inequality, Labour has said. Areas with a high proportion of workers in struggling sectors, such as aviation, retail and manufacturing, would be… Read more →

Banks propose ‘student loans style’ scheme to avert job losses

Image copyright NurPhoto UK banks fear that up to 800,000 businesses could go bust in the next year if they are unable to defer repayments on government-backed loans. The lending industry is proposing a student loans-type scheme, where coronavirus loans can be converted into a tax debt repayable over a decade. Like student loans, the money would only be repayable… Read more →

Airbus job losses ‘utterly devastating’, says Welsh Government

Image copyright Getty Images Image caption Airbus employs more than 6,000 people at its site in Broughton, Flintshire Plans to cut 1,700 UK Airbus jobs have been described as “utterly devastating” by a Welsh minister. Economy, Transport and North Wales minister, Ken Skates said a “huge number” of workers would be extremely worried by the announcement. The UK losses are… Read more →

Sir Tom Hunter: Social distancing rules could mean mass job losses

Image caption Sir Tom Hunter has warned governments against “hiding” behind science when considering reopening businesses Leading figures in business have warned of mass unemployment in Scotland when the furlough scheme ends. Scotland’s first ever billionaire, Sir Tom Hunter urged the Scottish and UK governments against “hiding” behind scientists to keep “nonsensical” social distancing measures in place. He called for… Read more →