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Tag: jobs

Renault cuts 15,000 jobs in major restructuring

Renault cuts 15,000 jobs in major restructuring

Business
Renault is cutting 15,000 jobs worldwide as part of a €2bn (£1.8bn) cost-cutting plan after seeing sales plunge because of the virus pandemic."This plan is essential," said interim boss Clotilde Delbos, who announced cuts in production to focus on more profitable car models.Some 4,600 job cuts will be in France, and the firm said on Friday that it had begun talks with unions.On Thursday, Renault's strategic partner Nissan unveiled huge job cuts.Renault, 15% owned by the French state, said six sites are under review. Nissan backs UK plant but protests erupt in Spain France announces €8bn rescue plan for car industry The company is slashing costs by cutting the number of subcontractors in areas such as engineering, reducing the num
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: Shearings collapses with loss of 2,500 jobs

Coronavirus: Shearings collapses with loss of 2,500 jobs

Business
The owner of Shearings, the coach holidays provider, has crashed into administration, resulting in the immediate loss of 2,500 jobs and thousands of customers' holidays being cancelled.EY, the administrator to Specialist Leisure Group (SLG), confirmed late on Friday afternoon that it had made more than 2,000 staff redundant who had previously been furloughed under the government's job retention scheme. The news adds to the fast-growing toll of job losses across the economy as the coronavirus crisis continues to wreak havoc with industries such as leisure and travel.SLG's operations include brands such as UK Breakaways, Coast & Country Hotels, Bay Hotels, Country Living Hotels, and Wallace Arnold Travel, has ceased trading with immediate effect.The hotel chains will not reopen following...
Rolls-Royce warns of ‘significant’ UK hit as 9,000 jobs are cut

Rolls-Royce warns of ‘significant’ UK hit as 9,000 jobs are cut

Business
Rolls-Royce has announced plans to cut 9,000 jobs - almost a fifth of its global workforce - as the coronavirus crisis takes a heavy toll on aviation.The engine-maker told Sky News it would result in a "significant" hit to employment within the UK but refused to put a number on the impact or say where the axe would fall. In an interview on Ian King Live, chief executive Warren East said he could not rule out site closures under a review being carried out by the company to help it navigate the downturn caused by COVID-19 that has grounded most of the world's airlines. ...
‘I don’t know who I am anymore’: Lives shattered by the coronavirus jobs crisis

‘I don’t know who I am anymore’: Lives shattered by the coronavirus jobs crisis

Business
The economic consequences of coronavirus are gathering in the wake of the health emergency.The outbreak has already upended millions of lives and left many uncertain about their future, and worse is likely to follow, with recession certain and a massive impact looming for the jobs market. The headline job market figures from the Office of National Statistics, for the three months to March, are deceptive.They show that employment remained at a record high of nearly 77%.But behind that figure, which includes only a week of lockdown and lags behind the position today, are numbers that speak of a looming crisis. Adver...