Tata Steel rejected a union plan to keep a blast-furnace open at the Port Talbot Steelworks. This ended any hope of avoiding up to 2,800 job cuts. On Thursday, unions
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Michael O’Leary, the chief executive of Ryanair, has stated that if it cannot hire foreign air stewards then they will have to cancel a planned expansion in UK flights. Mr
Jeremy Hunt warned that the costs of welfare benefits were rising uncontrollably. He pledged to cut the welfare bill “further, faster and more dramatically”. In an interview, the Chancellor said
Mel Stride says he will ‘do what it takes’ when the Fund calls for radical measures to combat unemployment The International Monetary Fund has urged Britain and other wealthy nations
Sources close to Tata Steel have stated that the company would continue to cut thousands of jobs at its Port Talbot facility despite being promised hundreds of millions pounds in
Waitrose puts hundreds of jobs in danger as it prepares to close a warehouse that was opened only four years ago. The supermarket has announced that it will close its
The Daily Mail is preparing to cut jobs after warnings from its bosses about changes in working patterns. Ted Verity, the editor of Mail Newspapers said in a memo to
Ted Baker’s European Retail and Online arm will appoint administrators. This puts almost 1,000 jobs in danger at the British brand. The fashion brand has struggled for years due to
ITV is cutting staff as it struggles to cope with a dramatic drop in advertising revenue. ITV terminated employees from its internal advertising agency in the last month. The job
Metro Bank has slashed hours and canceled the seven-day opening of its branches after losing 1,000 jobs. As part of an 80 million pound cost-cutting campaign, the high street lender
Think tank warns that the shift in welfare benefits following the pandemic discourages unemployed people from seeking employment. A surge in the number of benefits being paid to those who
The goal of role reductions is to create cash that can be spent on luring customers back from competitors. Sainsbury’s plans to reduce costs by £1bn will see 1,500 jobs
The Spanish parent company of one of Britain’s leading producers of reinforced Steel has put the company up for sale. Celsa Steel UK, a plant in Cardiff that supplies the
As they invest in new areas like generative artificial intelligence, tech companies have cut 34,000 jobs. According to Layoffs.fyi which tracks attrition within the industry, Microsoft, Snap and PayPal each
The Guardian’s staff is bracing for job cuts, after their bosses informed them that the publisher will make a £39million loss annually due to a slump on the digital advertising
The first-ever increase in disability claims following the lockdown will see Britain’s benefits bill for working age reach £100bn this year. According to the Department for Work and Pensions’ (DWP)
