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Coronavirus: EasyJet plans up to 4,500 job cuts

Coronavirus: EasyJet plans up to 4,500 job cuts

Business
EasyJet is to cut up to 30% of its workforce as it struggles to cope with the collapse in demand for air travel caused by the coronavirus pandemic.The airline did not say exactly how many jobs would go, but it employed 15,000 people at the start of 2020.Pilots' union Balpa reacted angrily, describing the move as an "ill-considered knee-jerk reaction".EasyJet, which has big operations at Gatwick and Luton airports, confirmed it would restart flights on 15 June. However, it said that levels of market demand seen in 2019 were not likely to be reached again until 2023.It added that in the coming days, it would launch an employee consultation process on the planned job cuts.It grounded its entire fleet in March as global travel came to a near-halt.'Difficult d...
UK furlough scheme now covers 8.4 million workers

UK furlough scheme now covers 8.4 million workers

Business
Some 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has said.Claims for subsidies filed by employers rose to £15bn from £11.1bn, it added.The scheme, brought in to mitigate the effects of coronavirus, allows employees to receive 80% of their monthly salary up to £2,500.A similar scheme for self-employed workers saw 2.3 million claims made worth £6.8bn.The Self-Employed Income Support Scheme, as it is known, differs from the furlough scheme because it is a grant paid out in a single instalment covering three months and amounting to 80% of average profit.The furlough scheme, officially called the Coronavirus Job Retention Scheme, was originally intended to last until the end of Jul
Nuclear plant will help kick-start post-pandemic economy, says EDF

Nuclear plant will help kick-start post-pandemic economy, says EDF

Business
A planned new nuclear power station will help kick-start the economy following the coronavirus crisis, energy giant EDF has said.The power supplier has submitted an application to build the Sizewell C plant on the Suffolk coast, which it says will generate enough electricity to power six million homes and bolster the UK's energy resilience by reducing the need for imports. EDF also says it will create 25,000 jobs and 1,000 apprenticeships during construction, as well as providing 900 skilled jobs over its lifetime.The application for development consent to the Planning Inspectorate was delayed for two months due to the COVID-19 pandemic.But campaigners opposed to the project have criticised the move, arguing that coronavirus social distancing restrictions are likely to continue in the...
Coronavirus: 2,000 jobs at risk as sandwich maker Adelie collapses

Coronavirus: 2,000 jobs at risk as sandwich maker Adelie collapses

Business
More than 2,000 jobs are at risk after one of Britain's biggest sandwich and food-to-go suppliers was forced to call in administrators.Sky News has learnt that Adelie Foods, which has been in rescue talks for weeks, has appointed Deloitte to handle an insolvency process. Employees at the company, which is headquartered close to Heathrow Airport, were informed about the development on Tuesday afternoon. It comes as Britain's food-to-go market faces a stiff challenge to recover from the coronavirus crisis, with restaurant and coffee shop chains, along with all other non-essential retailers, having been forced to close since March.Deloitte is understood to be assessing whether it can stitch together a deal to salvage Adelie from administration. ...
Coronavirus: All non-essential shops to reopen from 15 June – PM

Coronavirus: All non-essential shops to reopen from 15 June – PM

Business
Media playback is unsupported on your device All non-essential retailers will be able to reopen in England from 15 June, Boris Johnson has announced, as part of plans to further ease the lockdown.However, the move is "contingent on progress in the fight against coronavirus", and retailers will have to adhere to new guidelines to protect shoppers and workers, the PM added.Outdoor markets and car showrooms will be able to reopen from 1 June.It comes as the number of coronavirus deaths in the UK rose by 121 to 36,914.Mr Johnson said new guidance had been published for the retail sector "detailing the measures they should take to meet the necessary social distancing and hygiene standards"."Shops now have the time to implement this guidance before ...