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Debenhams set to close putting 12,000 jobs at risk

Debenhams set to close putting 12,000 jobs at risk

Business
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Spending Review: Sunak pledges to make jobs ‘number one priority’

Spending Review: Sunak pledges to make jobs ‘number one priority’

Business
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4,700 jobs at risk as Peacocks and Jaeger go into administration

4,700 jobs at risk as Peacocks and Jaeger go into administration

Business
Fashion chains Peacocks and Jaeger have gone into administration - putting more than 4,700 jobs at risk after the latest lockdown hampered efforts to find a buyer.It came after owner EWM group, controlled by retail billionaire Philip Day, passed a deadline to sell the two brands - which between them have about 500 stores. The group said it had to take the "desperately difficult" decision despite having been in "constructive discussions" with potential buyers in recent weeks. Image: Jaeger has 76 stores "The continuing deterioration of the retail sector due to the impact of the pandemic and second lockdown have made this process longer and more complex than we would have hoped," it said.Talks were ongoing but a deadline imposed by the ...
Greggs to cut more than 800 jobs as coronavirus lockdown hits business

Greggs to cut more than 800 jobs as coronavirus lockdown hits business

Business
Greggs has announced plans to cut more than 800 jobs as a result of the ongoing coronavirus pandemic.The boss warned that the bakery chain "will not be profitable as a business" if sales continue at the rates they have been in lockdown. In a statement posted on its employee information website earlier this week, chief executive Roger Whiteside said: "COVID trading conditions have forced this action onto our business and we are all very saddened by the need to part company with around 820 friends and colleagues, many of whom have worked with us for many years."He went on to say that "the battle with COVID hasn't gone away and is intensifying further" as lockdown measures continue to be in place across the UK. Mr Whiteside added: "At lockdown levels of sales, even after all of the mitigating...
Small breweries warn ‘reverse Robin Hood tax system’ putting jobs at risk

Small breweries warn ‘reverse Robin Hood tax system’ putting jobs at risk

Business
Small breweries in Britain are warning that hundreds of jobs are at risk over government plans to cut tax relief.The Society of Independent Brewers (SIBA) described the proposals as "madness" during a period when many businesses are on the brink of collapse. Under the plans, up to 150 small breweries would have to pay higher rates of tax."This is definitely going to put jobs at risk if this goes ahead," Jaega Wise from SIBA said."Part of the issue is we don't entirely know what the tax change is going to be." Advertisement ...