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Tag: furlough

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...
Butlin’s: 1,000 jobs at risk when furlough ends

Butlin’s: 1,000 jobs at risk when furlough ends

Business
Holiday camp operator Butlin's has yet to tell 1,000 furloughed workers what their future is when the government's wage subsidy scheme ends next month.A document sent to staff and seen by the BBC suggests employees either take paid holiday if they have any remaining or unpaid leave if not.Butlin's is currently operating at 50% capacity and is heading into the winter months when income falls significantly. It said no decision had been made about workers on the government scheme.The company said: "Since we reopened Butlin's we've worked hard to bring back as many of our team as possible whilst ensuring we're safe and secure. "There has been no decision made regarding our team who are still furloughed." Coronavirus: When will the furlough scheme end? Extend ...
Coronavirus: Sir Keir Starmer to call for furlough scheme replacement

Coronavirus: Sir Keir Starmer to call for furlough scheme replacement

Business
Sir Keir Starmer will call on the government to replace the furlough scheme and outlaw "firing and re-hiring" methods to avoid the "scarring effect" of "mass unemployment".Almost 10 million workers have been furloughed since March but the scheme is set to end on 31 October.The Labour leader will address the TUC, proposing targeted support for badly-hit sectors.The government said it was already implementing a plan to protect jobs. Speaking to the Trades Union Congress' annual conference, Sir Keir will make the case for replacing the job retention scheme - also known as the furlough scheme - which was introduce to support employers and staff during the coronavirus lockdown. Under it, employees placed on leave due to virus restrictions have received 80% of ...
Chancellor: There is hardship ahead for many people as furlough ends

Chancellor: There is hardship ahead for many people as furlough ends

Business
The chancellor has warned there is hardship ahead for many people as the furlough scheme winds down over the next few months.Rishi Sunak told Sky News that ending the scheme was "one of the most difficult decisions I've had to make in this job". He added: "If you look at it from start to finish, the government will have been stepping in to help pay people's wages for almost eight months - an extraordinarily long period of time."I think most reasonable people would look at that and say that's not something that's obviously sustainable in the long run."In common with many other countries around the world - their versions of this are all coming to the end towards the end of this year." ...
Bank of England boss Bailey backs end of furlough scheme

Bank of England boss Bailey backs end of furlough scheme

Business
Media playback is unsupported on your device The Governor of the Bank of England has backed the government's decision to end its furlough scheme in October.Andrew Bailey told the BBC it was important that policymakers helped workers "move forward" and not keep them in unproductive jobs.He said coronavirus would inevitably mean that some jobs became redundant.The Bank also predicted the economic slump caused by Covid-19 will be less severe than expected, but warned the recovery will also take longer.More than nine million jobs have been furloughed under the government's job retention scheme, but the Bank expects most people to go back to work as the economy recovers.Trade unions have urged Chancellor Rishi Sunak to extend the scheme, which pays...