Tag: risk

‘Raise sick pay’ to lower virus health and economic risk

Image copyright Getty Images Statutory sick pay should be increased and the furlough scheme extended on a flexible basis, new research suggests. Doing so would better manage a “crude” trade-off between lives and livelihoods as the UK economy reopens. These are two of the recommendations in a new report from the Royal Society. It says economic and health data should… Read more →

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Hotel giant LGH puts 1,500 jobs at risk

Image copyright Getty Images About 1,500 staff at hotels managed by LGH in England and Scotland have been told they are at risk of redundancy because of the coronavirus crisis. LGH, which manages 55 properties, including some Crowne Plaza, Holiday Inn and Hallmark hotels, said the staff were in a consultation period. But one team member said the company had… Read more →

Genting Casinos closures put 1,600 jobs at risk

Image copyright Genting Casinos Genting Casinos says 1,642 employees in the UK could face losing their jobs, despite plans to reopen venues. The GMB union said there were also plans to close three clubs in Margate, Torquay and Bristol. Genting said the coronavirus lockdown had forced it to make “heartbreaking decisions” about the future of its business. Colleagues at risk… Read more →

British Gas workers told to sign new contracts or risk jobs

Image copyright Getty Images British Gas-owner Centrica has told thousands of staff to accept new working conditions, including no overtime pay, or risk their jobs. The firm said if employees don’t sign the contract, there will be a fresh wave of redundancies, although it insists that is a “last resort”. Centrica has already outlined 5,000 job cuts as customer numbers… Read more →

Coronavirus: Macdonald Hotel chain warns 1,800 jobs at risk

Image copyright Google Image caption The chain has 11 hotels in Scotland, including the Macdonald Holyrood in Edinburgh Up to 1,800 jobs are under threat at the Macdonald Hotel chain as it looks to cut costs because of the coronavirus crisis. The company said that although most staff were on furlough, the current situation was “unsustainable”. Its deputy chairman also… Read more →

Coronavirus: 6,000 jobs at risk at Cafe Rouge and Bella Italia owner

Image copyright Casual Dining Group The owner of High Street restaurant chains Cafe Rouge and Bella Italia has filed intent to appoint administrators at the High Court. Owner Casual Dining Group, whose brands also include the Las Iguanas chain, employs about 6,000 people. The company said the move would give it ten days breathing space to consider “all options” for… Read more →

Coronavirus: Shopping centre giant Intu warns of debt default risk

Image copyright Reuters Image caption Intu’s shopping malls, including Manchester’s Trafford Centre, remain ‘semi-closed’ Shopping centre operator Intu has warned that it risks defaulting on its debts unless its lenders give the firm significant breathing space. The coronavirus pandemic has hit rental income and Intu said there was no certainty how quickly the market would recover once the lockdown is… Read more →