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Tag: collapses

Six killed and one missing after illegal gold mine in Indonesia collapses

Six killed and one missing after illegal gold mine in Indonesia collapses

World
Six people have been killed after an illegal gold mine in Indonesia's Sulawesi island collapsed on nearly two dozen people working inside.One other worker is missing following the incident, officials said on Thursday. An estimated 22 people became trapped in the rubble when the mine in Central Sulawesi province's Parigi Moutong district collapsed late on Wednesday due to unstable soil, according to Andrias Hendrik Johannes, who heads the local search and rescue agency.The bodies of four women and two men were recovered during a gruelling search effort through the night.Rescuers were also able to pull 15 survivors from the debris. ...
Arcadia Group collapses – biggest business failure of the pandemic so far

Arcadia Group collapses – biggest business failure of the pandemic so far

Business
Sir Philip Green's Arcadia retail empire has collapsed in the worst single corporate failure of the COVID-19 crisis to date, leaving 13,000 jobs hanging in the balance.Administrators at Deloitte said they would now seek buyers for the business - whose brands ranging from Topshop and Topman to Dorothy Perkins and Burton "sit at the heart of the high street". Arcadia chief executive Ian Grabiner said it was an "incredibly sad day" and that the company had been unable to ride out the severe impact of the coronavirus pandemic on trading. Please use Chrome browser for a more accessible video player ...
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...
British Airways to cut up to 12,000 jobs as air travel collapses

British Airways to cut up to 12,000 jobs as air travel collapses

Business
British Airways is set to cut up to 12,000 jobs from its 42,000-strong workforce due to a collapse in business because of the coronavirus pandemic.The airline's parent company, IAG, said it needed to impose a "restructuring and redundancy programme" until demand for air travel returns to 2019 levels.The pilots' union Balpa said it was "devastated" at the news and vowed to fight "every single" job cut.IAG also owns Spanish airline Iberia and Ireland's Aer Lingus.In a statement, IAG said: "The proposals remain subject to consultation, but it is likely that they will affect most of British Airways' employees and may result in the redundancy of up to 12,000 of them."The company said it will take several years for air travel to return...