News That Matters

Tag: cuts

Covid-19: Fewest firms planning job cuts since pandemic began

Covid-19: Fewest firms planning job cuts since pandemic began

Business
Getty ImagesSome 292 British employers made plans to cut jobs in January, the lowest figure since the pandemic began.A total of 32,000 redundancies were proposed, up 9% on last January, despite new lockdown rules closing businesses across most of the UK. The figures suggest that the decision to extend the furlough scheme has helped to prevent wider job losses.The numbers were released by the Insolvency Service in response to a BBC Freedom of Information request.Employers planning 20 or more redundancies are obliged to notify the Insolvency Service at the start of the process by filing a form called an HR1 Advance Notice of Redundancy.This gives an early indication of the state of the labour market ahead of the redundancy statistics published by the Office for National Statistics (ONS), whi...
Semiconductor shortage forces automobile production cuts

Semiconductor shortage forces automobile production cuts

Technology
A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdownsBy TOM KRISHER AP Auto WriterJanuary 8, 2021, 9:34 PM• 3 min readShare to FacebookShare to TwitterEmail this articleDETROIT -- A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns.Officials at Volkswagen, Ford, Fiat Chrysler, Toyota and Nissan all say they have been hit by the shortage and been forced to delay production of some models in order to keep other factories running.“This is absolutely an industry issue,” Toyota spokesman Scott Vazin said in an ema
Brexit: M&S temporarily cuts hundreds of products in NI

Brexit: M&S temporarily cuts hundreds of products in NI

Business
.css-94m6rd-HeadingWrapper{border-bottom:solid 1px #BABABA;padding-bottom:1.5rem;}.css-94m6rd-HeadingWrapper > *:not([hidden]):not(style) ~ *:not([hidden]):not(style){margin-top:1rem;}.css-vk3nhx-ComponentWrapper{margin:1.5rem 0;}.css-2y05cd-StyledFigure{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:400;font-size:0.875rem;line-height:1.125rem;}.css-kwaqyc-StyledFigureContainer{position:relative;}.css-1xtcmof-Placeholder{position:relative;display:block;padding-bottom:56.25%;background-color:#EEEEEE;}.css-1xtcmof-Placeholder img{overflow:hidden;position:absolute;top:0;right:0;bottom:0;left:0;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webki...
Court ruling cuts sentence for Quebec mosque shooter

Court ruling cuts sentence for Quebec mosque shooter

World
Quebec’s highest court has declared consecutive life sentences to be unconstitutional, reducing the sentence given to the man who murdered six people in a Quebec City mosque in 2017ByThe Associated PressNovember 26, 2020, 8:31 PM• 2 min readShare to FacebookShare to TwitterEmail this articleQUEBEC CITY -- Quebec’s highest court has declared consecutive life sentences to be unconstitutional, reducing the sentence given to the man who murdered six people in a Quebec City mosque in 2017.Alexandre Bissonnette, 30, was sentenced in February 2019 to life in prison with no possibility of parole for 40 years.Thursday's decision by the Quebec Court of Appeal means he will be eligible to apply for parole after serving 25 years, though it doesn't guarantee parole would be granted.In sentencing Bisson
Heathrow turns screw on cost cuts with new furlough plan

Heathrow turns screw on cost cuts with new furlough plan

Business
Britain's biggest airport is to furlough its entire senior management team apart from its chief executive and pave the way for more permanent job losses, underlining its pessimism about the aviation industry's short-term recovery prospects.Sky News has seen emails sent by Heathrow executives on Friday which detail plans for a new voluntary redundancy scheme and a requirement for staff to be placed on furlough for at least four weeks between the beginning of December and the end of March. Sources said the furlough requirement would apply to every Heathrow employee other than John Holland-Kaye, the airport's chief executive.The latest developments come weeks after Heathrow relinquished its crown as Europe's busiest airport to Paris's Charles de Gaulle, with passenger numbers at the London hu...