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EasyJet cuts capacity as virus fears knock passenger confidence

EasyJet cuts capacity as virus fears knock passenger confidence

Business
EasyJet has warned it expects to operate a weaker flight programme than hoped for in the coming months because of a series of coronavirus pressures.The no-frills airline said it had to focus on "profitable flying" as the wider industry bids to recover from the COVID-19 lockdown that has resulted in thousands of job losses to date. The company called on the government to implement targeted support for the sector through measures including Air Passenger Duty (APD) cuts and "more predictable" quarantine operation following customer chaos to beat implementation deadlines. In its statement to the City, easyJet said it was clear that passenger confidence had taken a hit.It also cited evolving pandemic-related restrictions across Europe. ...
Pret cuts 2,800 jobs as sales sink to lowest level in 10 years

Pret cuts 2,800 jobs as sales sink to lowest level in 10 years

Business
Pret A Manger is cutting 2,800 jobs due to the economic downturn caused by coronavirus.The popular cafe chain said the COVID-19 pandemic had caused sales to fall to levels last seen 10 years ago. It follows the announcement that 30 Pret shops across the UK would close permanently. Image: Pret is cutting 2,800 jobs due to the coronavirus pandemic. File pic In a statement on Thursday, chief executive Pano Christou said: "I'm gutted that we've had to lose so many colleagues."Although we're now starting to see a steady but slow recovery, the pandemic has taken away almost a decade of growth at Pret. ...
M&S to announce hundreds of job cuts this week

M&S to announce hundreds of job cuts this week

Business
Marks & Spencer (M&S) will serve notice this week of imminent plans for hundreds of job cuts as it becomes the latest prominent retailer to restructure its workforce in the wake of the coronavirus pandemic.Sky News has learnt that M&S will begin announcing redundancy plans within days, joining the likes of the John Lewis Partnership, Boots, and Debenhams in what has rapidly become a bloodbath on Britain's high streets. Sources said that several thousand jobs were expected to be lost as chief executive Steve Rowe accelerates an ongoing restructuring of the business during the coming months.They form part of a plan that the company dubbed 'Never the same again' at its results two months ago.In the initial phase to be announced this week, M&S will confirm the first substantive...
Tesco demands supplier price cuts in discount battle

Tesco demands supplier price cuts in discount battle

Business
Tesco has reportedly asked suppliers to agree price cuts as it steps up its battle with budget supermarkets.The move is part of its shift to an "everyday low pricing strategy", which will see it use fewer promotions.A Tesco spokesperson said: "We are committed to open, fair and transparent partnerships with all of our suppliers."Tesco has given suppliers a deadline of 10 July to agree, according to the Grocer.Several suppliers told the trade publication that they faced pressure from the supermarket to lower their prices.Some raised concerns over the timescale of the demands, as well as a lack of clarity over how the change in promotions would work in practice. Tesco shoppers buying more during fewer trips Tesco sells Polish supermarket business Tesco laun...
Cafe Rouge and Bella Italia owner cuts 1,900 jobs

Cafe Rouge and Bella Italia owner cuts 1,900 jobs

Business
Casual Dining Group, owner of Bella Italia, Cafe Rouge and Las Iguanas, is to cut more than 1,900 jobs and close 91 restaurants after calling in administrators.It blamed the "extreme operating environment" - which has seen restaurants shut since the start of the coronavirus lockdown in March. The closures represent more than a third of the company's 250 UK sites around the UK. It leaves around 4,050 employees still in work, with 1,909 facing redundancy. Image: 34 Bella Italia sites will shut It comes a day after Sky News revealed that specialist turnaround funds are vying to take control of the brands.The announcement adds to the grim toll of thousands of job losses already announced in recent days as the coronavirus jobs crisis deepe...