Further gloom descended on airline stocks after Ryanair said it could cut up to 3,000 jobs. The Irish budget carrier will kick off a restructuring programme in a bid to survive the coronavirus crisis that could also include staff taking unpaid leave, slashing salaries by 20 per cent and temporarily closing bases at certain airports. The … Read more
Ryanair boss Michael O’Leary has today cut up to 3,000 jobs but vowed to refund 25 million out-of-pocket customers – as Heathrow reports losses of £315 million. In a statement today Ryanair said a stringent restructuring programme will begin in July, with some 3,000 pilot and cabin jobs under threat. The budget airline added that flights … Read more
Up to 3,000 jobs across pilots and cabin crew will be cut at Ryanair, it was revealed today. The budget airline group announced that a restructuring programme could also involve unpaid leave and pay slashed by up to 20%, as well as the closure of ‘a number of aircraft bases across Europe’ until demand for … Read more
More than 1,800 jobs are set to be lost at Oasis and Warehouse as administrators said they were unable to rescue the company behind the brands. The brands, which are owned by the failed Icelandic bank Kaupthing, also have 437 concessions in department stores including Debenhams and Selfridges. Deloitte, the accountancy firm, was appointed to … Read more
More than 1,800 jobs are set to be lost at Oasis and Warehouse as administrators rule out rescue for owners The brands are owned by the failed Icelandic bank Kaupthing It’s reported that Hilco Capital, former owner of HMV, is buying brands and stock By Chantalle Edmunds For Mailonline Published: 12:08 BST, 30 April 2020 … Read more
More than 500 North Sea workers face redundancy as EnQuest battles to save £275m amid plunging oil price putting up to 30,000 UK energy jobs at risk More than 500 North Sea workers are expected to be made redundant EnQuest started a consultation with UK staff as it tries to make £275m savings It comes … Read more
Reform furlough scheme to save jobs: Think-tank warns government strategy risks mass redundancies By Daily Mail City & Finance Reporter Published: 23:39 BST, 28 April 2020 | Updated: 23:39 BST, 28 April 2020 The Chancellor is being urged to shake up support for furloughed workers so that businesses can gradually bring them back on reduced … Read more
Airbus warns staff it is ‘bleeding cash’: Jobs at risk and shake-up looms as 3,200 furloughed By Francesca Washtell For The Daily Mail Published: 22:15 BST, 27 April 2020 | Updated: 22:15 BST, 27 April 2020 Thousands of UK jobs could be at risk after Airbus warned it is ‘bleeding cash’ and may not survive … Read more
Up to 30,000 North Sea oil and gas jobs could be cut unless Government steps up support By Francesca Washtell For The Daily Mail Published: 22:15 BST, 27 April 2020 | Updated: 22:27 BST, 27 April 2020 Up to 30,000 North Sea oil and gas jobs could be cut unless the Government steps up support, … Read more
Farmers who have received death threats for flying in potato pickers from Eastern Europe hit back today, saying ‘What else could we do – British people haven’t wanted this sort of work for decades.’ Fearing spuds, strawberries, plums, parsnips, rhubarb and other crops will rot in the fields, planes were chartered to bring Romanian workers … Read more