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Jobs and employment
Ford to Axe 800 UK Jobs in Latest European Restructuring Drive
Ford Motor Company has announced plans to cut 800 jobs across its UK operations, representing 15 per cent of its remaining 5,100-strong British workforce. The move comes merely 18 months after the American automotive giant reduced its UK…
Homebase Administration Threatens 2000 Jobs as The Range Steps In to Acquire 70 Stores
British DIY retailer Homebase has entered administration, placing 2,000 jobs in jeopardy as the company grapples with a significant downturn in home improvement spending. The chain, operating approximately 130 DIY and garden centre outlets,…
Direct Line to Slash 550 Jobs in Major Restructuring Drive as Premium Income Falls
Insurance giant Direct Line has announced plans to cut approximately 550 jobs, representing 5% of its workforce, as part of an aggressive cost-cutting strategy aimed at reviving the troubled insurer's fortunes. The announcement coincides…
Two in Five British Hair Salons Face Closure After Budget National Insurance Rise
The British hairdressing industry faces a severe crisis as approximately 40% of hair salons are at risk of closure following the devastating increased employment costs announced in last month's budget. The alarming situation stems from the…
Volkswagen Seeks Restructuring as Profit Plummets in China Sales Decline
Volkswagen AG, Europe's largest automaker, has found itself in a precarious position following a 64 per cent decrease in quarterly net profit, primarily due to a significant downturn in sales within the Chinese market. The financial strain…
Volkswagen will close three German plants and eliminate thousands of jobs
Volkswagen will close at least three German factories, eliminate tens thousands of jobs, and cut pay by 10%, said the top employee representative of the company on Monday.
The restructuring will be the first time in the 87 years of the…
Deloitte UK cuts 250 employees
Deloitte UK has laid off 250 employees, the third time in 13 months that the Big Four have made redundancies. This move is believed to be aimed at employees in the advisory division of Deloitte who are underperforming.
Sources said that…
TGI Fridays pays workers following redundancy row
TGI Fridays, the restaurant group, has finally agreed to pay its workers what they are due after being laid off.
This week, more than 1,000 employees lost their jobs when 35 TGI branches were closed after a failed private equity-led…
Parliament will soon be considering new laws that would prevent a repeat of the P&O…
Laws to prevent a repeat of the P&O Ferries mass sackings scandal will be presented to parliament this week as Labour focuses on improving working conditions at sea, including for cruise and cargo ships.
Transport Secretary Louise…
Job losses at UK suppliers due to Boeing and Airbus problems
Senior, a UK engineering company, will be forced to lay off staff due to the crisis at Boeing and the delays in returning to full production by Airbus.
Senior, a FTSE 250 company, pays the price of being a major supplier to two troubled…
TGI Fridays’ rescue is overshadowed with closures and 1,000 jobs losses
After a failed rescue by private equity of the struggling British restaurant group, TGI Fridays has lost more than 1,000 jobs and closed 35 branches.
D&D London, the owners of top City restaurants such as Coq D'Argent, Le Pont De La…
Port Talbot’s final blast furnace is closing, bringing gloom to the steel town
Alun Davies views the steam plumes rising from Port Talbot’s last blast-furnace, which will soon be shut down. Davies, the National Officer for the Steelworkers' Union Community and former steelworker for nine years, describes the mood in…
Boeing furloughs a ‘large’ number of employees during factory strike
Boeing CEO announced on Wednesday that "a large number of" employees would be furloughed to save money during the union machinists' strike that began last weekend. Kelly Ortberg said that the layoffs were temporary and would affect…
Harland & Wolff, the Titanic’s builder, is heading for administration
Harland & Wolff - the shipyard which built the Titanic - is about to enter administration for the second consecutive time in just five years.
Harland & Wolff Group Holdings was "insolvent" on a basis of balance sheet, according…
Labour says that the right to work at home is a productivity booster.
Labour has promised to end "presenteeism", or the culture of not showing up for work, in Britain's offices. They claim that flexible working as a right will make employees more productive and loyal.Jonathan Reynolds, the Business Secretary,…
Grangemouth Oil Refinery to Close Next Year with 400 Job Losses
Grangemouth, Scotland's only remaining oil refinery, will close in the next year. This will result in the loss of over 400 jobs and leave the UK with just a few refineries. It also increases the UK's dependence on imported fuel.…
British Steel Industry Prepares for 2,500 Job Cuts at Port Talbot as Government Deal
The British steel industry has been warned that 2,500 jobs will be lost at the Port Talbot Steelworks. Thousands more are at risk across the UK as the government prepares to offer taxpayer-funded deals for the south Wales facility.…
Iceland Boss Warns Labour of Disastrous Impact from Shock Minimum Wage Increase
Richard Walker, the managing director of Iceland, has cautioned the Labour Party that a sudden and substantial rise in the minimum wage could potentially bankrupt his business. Walker, a former Conservative donor who shifted his support to…