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Tag: jobs

Greensill collapse leaves 5,000 steel jobs in balance

Greensill collapse leaves 5,000 steel jobs in balance

Business
Some 5,000 jobs in the steel industry are in the balance after Greensill Capital, one of the UK's largest speciality finance companies, went into administration.Greensill, whose advisers include the former prime minister David Cameron, is a major provider of finance to Liberty Steel - the UK's third largest steel company. Liberty, which is part of the GFG Alliance controlled by the so-called "Saviour of Steel" Sanjeev Gupta, employs 3,000 people directly at 11 sites including Rotherham and Stocksbridge in south Yorkshire, Newport in South Wales and Hartlepool. Image: Lex Greensill has enjoyed a rags-to-riches rise It also supports at least 2,000 more jobs in the supply chain.The site at Stocksbridge, where 762 people are employed, is ...
Jaguar Land Rover to cut 2,000 non-factory jobs globally

Jaguar Land Rover to cut 2,000 non-factory jobs globally

Business
Jaguar Land Rover (JLR) has announced plans to cut 2,000 non-factory jobs - days after it committed to its UK plants and revealed a huge investment in a zero-emission future.The company said it had begun on Wednesday to inform colleagues on the findings of an organisational review that is designed to slash costs and create a more "agile" business. A statement confirmed its hourly-paid manufacturing workers would not be affected by the cuts which, the company said, would be completed next year as its transition to an all-electric fleet by 2030 gathers pace. Image: A electric Range Rover made by Jaguar Land Rover JLR said: "This week's announcement outlines our future strategy not only including plans for our brands and vehicles, but al...
Sluggish US jobs growth strengthens coronavirus stimulus call

Sluggish US jobs growth strengthens coronavirus stimulus call

Business
US jobs growth bounced back less than expected in January while losses the previous month were worse than initially thought, latest figures show.The first set of employment data under President Joe Biden underlines the scale of the economic challenge faced as he seek to push through a $ 1.9trn (£1.4trn) COVID-19 recovery package. Please use Chrome browser for a more accessible video player 'America is back' says Joe Biden The Labor Department has said non-farm payrolls increased by 49,000 jobs last month, slightly down on economist forecas
Biden environmental challenge: Filling vacant scientist jobs

Biden environmental challenge: Filling vacant scientist jobs

Technology
Polluting factories go uninspected by the U.S. Environmental Protection Agency. Leadership positions sit vacant at the U.S. Geological Survey's climate science centers. And U.S. Department of Agriculture research into environmental issues important to farmers is unfinished.The ranks of scientists who carry out environmental research, enforcement and other jobs fell in several agencies — sharply in some — under former President Donald Trump, federal data shows. Veteran staffers say many retired, quit or moved to other agencies amid pressure from an administration they regarded as hostile to science and beholden to industry.That poses a challenge for President Joe Biden, who must rebuild a depleted and demoralized work force to make good on promises to tackle climate change, protect
Tier 4 restrictions could put thousands of jobs at risk, retail sector warns

Tier 4 restrictions could put thousands of jobs at risk, retail sector warns

Business
Britain's retail sector has warned of "severe" consequences from new Tier 4 restrictions, meaning non-essential shops in affected areas will have to close in the week before Christmas.The British Retail Consortium said thousands more jobs could be at risk - in an industry already devastated by months of pandemic disruption. It criticised the government's "stop-start approach" as "deeply unhelpful" and joined other groups in calling for an extension of a business rates holiday to help struggling firms. BRC chief executive Helen Dickinson said the Tier 4 announcement, which will affect London and much of the South East, was "hugely regrettable" after retailers had invested hundreds of millions making their premises COVID-secure."The consequences of this decision will be severe," she said...