Pizza Hut considers insolvency as Covid-19 crisis threatens jobs | Business


The coronavirus lockdown has prompted some of the UK’s biggest companies to announce large-scale job losses. The aviation, automotive and retail sectors were among the hardest hit, with companies adjusting to dramatically reduced revenue projections.While the government’s job maintenance program has so far protected millions of jobs, fears are growing that unemployment will rise as the program begins to be phased out from August.

Since the lockdown began on March 23, some of the UK’s largest companies have announced plans to cut a total of 60,000 jobs globally, many of which will fall in the UK.

Marks & Spencer – 950 emplois
July 20: The Main Street Pillar cuts store management positions as well as head office positions related to store ownership and operation.

Ted Baker – 500 jobs
July 19: Around 200 roles to play at the fashion retailer’s London headquarters, the Ugly Brown Building, and the rest in stores.

Azzurri – 1,200 jobs
July 17: The owner of the pizza chains Ask Italian and Zizzi closes 75 restaurants and makes only the commercial delivery of his Pod Lunch

Pizza Express – over 1000 jobs
July 16: The restaurant chain plans to close 75 restaurants as part of a bailout restructuring deal.

Burberry – 500 jobs worldwide
July 15: Total includes 150 jobs at UK headquarters as the luxury brand tries to cut costs by £ 55million after falling sales during the pandemic.

G4S – 1,150 jobs
July 13: Security firm G4S plans to lay off 1,150 workers as it cuts down its struggling cash-handling business and grapples with the use of cash in a pandemic.

Boots 4000 jobs
July 9: Boots cuts 4,000 jobs – or 7% of its workforce – by closing 48 optician outlets and downsizing its Nottingham head office as well as some managerial and customer service positions in stores.

John lewis 1300 jobs
July 9: John Lewis announced that he plans to permanently close eight of its 50 stores, including full-service department stores in Birmingham and Watford, with the likely loss of 1,300 jobs.

Celtic mansion 450 jobs
July 9: Patrons of the Celtic Collection in Newport, which hosted the 2010 Ryder Cup of Golf and the 2014 NATO Conference, said 450 of its 995 workers would lose their jobs.

DHL 2,200 jobs
July 7: Some 2,200 UK logistics workers involved in manufacturing Jaguar Land Rover vehicles will lose their jobs. Around 40% of DHL’s staff are employed under contract with the car manufacturer.

Reach 550 jobs
July 7: The owner of the Daily Mirror, Daily Express and Daily Star newspapers will cut 550 jobs, or 12% of its workforce, amid falling demand for advertising in its titles.

Ready to eat 1000 jobs
July 6: Pret a Manger must permanently close 30 branches and could cut at least 1,000 jobs after suffering “significant operating losses” following the Covid-19 lockdown

Casual dining group 1,900 jobs
July 2: The owner of the Bella Italia, Café Rouge and Las Iguanas restaurant chains collapsed in the administration, with the immediate loss of 1,900 jobs. The company said several offers were on the table for parts of the business but buyers were unwilling to acquire all existing sites and 91 of its 250 outlets would remain permanently closed.

Arcadie 500 jobs
July 1: Arcadia, Sir Philip Green’s struggling fashion group – which owns Topshop, Miss Selfridge, Dorothy Perkins, Burton, Evans and Wallis – said in July that 500 of 2,500 head office jobs would be cut in the coming weeks .

SSP Group 5,000 jobs
July 1: Owner of Upper Crust and Caffè Ritazza to cut 5,000 jobs, about half of its workforce, with cuts to its headquarters and operations in the UK after pandemic blocked domestic travel and international.

Accenture 900 jobs
July 1: The New York-listed consulting firm cuts 900 jobs at all levels to 11,000 UK employees amid falling demand for its services.

Harrods 700 jobs
July 1: The department store group cuts one in seven of its 4,800 employees because of the “continuing impacts” of the pandemic.

Airbus 1,700 jobs
June 30: The European aircraft manufacturer announced its intention to cut 15,000 jobs, including 1,700 in the United Kingdom, as it warned that the coronavirus pandemic had triggered the “most serious crisis” in its history.

Harveys 240 jobs
June 30: Directors made 240 layoffs at the Harveys furniture chain with more than 1,300 jobs at risk if a buyer cannot be found.

TM Lewin 600 jobs
June 30: Shirtmaker TM Lewin permanently closed its 66 outlets with the loss of around 600 jobs.

Royal Mail 2000 jobs
June 25: Royal Mail announced a cost-cutting plan that will involve cutting around 2,000 jobs, or one in five of its nearly 10,000 managerial positions.

Swissport 4,500 jobs
June 24: Swissport, which handles passenger baggage and freight for airlines, has begun a consultation process to lay off 4,556 workers, or more than half of its 8,500 UK employees.

Jaguar Land Rover 1,100 jobs
June 15: The UK’s largest car maker laid off 1,100 contract workers at manufacturing plants in Merseyside and the West Midlands.

Travis Perkins 2,500 jobs
June 15: The construction dealer, which is behind DIY retailer Wickes and Toolstation, cuts 2,500 jobs in the UK, which is nearly a 10th of its 30,000 employees.

Centrica 5,000 jobs
June 11: The owner of British Gas announced in June his intention to cut 5,000 jobs – a quarter of his UK workforce – in mostly managerial positions and cut three levels of management.

Johnson Matthey 2,500 jobs
June 11: The chemical company, a major supplier of catalytic converters for cars, plans to make 2,500 layoffs worldwide over the next three years, or 17% of its workforce.

Bombardier 600 jobs
June 11: The Canadian aircraft manufacturer will cut 600 jobs in Northern Ireland, as part of the 2,500 layoffs announced in June.

Accessorize the monsoon 545 jobs
June 11: The fashion brands were bought from the administration by their founder, Peter Simon, in June, in a transaction that resulted in the permanent closure of 35 stores and the loss of 545 jobs.

BP 2000 jobs
June 8: The oil company announced in June that it plans to lay off 10,000 people worldwide, including around 2,000 in the UK, mostly in office positions, by the end of the year.

Ripe 470 jobs
June 8: The luxury fashion and accessories brand announced in June that it would cut its global workforce by 25% and began consultations with the 470 employees at risk.

Bentley 1000 jobs
June 5: The Crewe-based luxury automaker intends to cut its workforce by 4,200 by nearly a quarter, cutting 1,000 jobs through a voluntary layoff plan.

Aston Martin Lagonda 500 jobs
June 4: The Warwickshire-based luxury car maker, struggling even before the pandemic, announced 500 layoffs.

Lookers 1,500 jobs
June 4: The car dealership chain announced plans to cut 1,500 jobs and close 12 dealerships just days after car showrooms were allowed to reopen in England.

Rolls-Royce 9000 jobs
June 3: The reactor manufacturer has confirmed that 3,000 job cuts, out of 9,000 planned worldwide, will be carried out at sites in the United Kingdom.

The catering group 3000 jobs
June 3: The owner of restaurant chains such as Wagamama and Frankie & Benny’s closed most of Chiquito’s branches and its 11 Food & Fuel pubs, with 120 more restaurants to close permanently. The total job losses could reach 3,000.

EasyJet 4,500 jobs
May 28: The airline announced its intention to cut 4,500 employees, or 30% of its workforce, as it braced for a drop in demand.

McLaren 1,200 jobs
May 26: McLaren Group, owner of the Formula 1 team and maker of supercars, cuts 1,200 jobs as it tries to save money.

Clarks 900 jobs
May 21: Clarks plans to cut 900 office jobs around the world due to the growth in online shoe shopping and the pandemic.

It’s energy 2,600 jobs
May 19: Britain’s second-largest energy supplier announced in May that it plans to cut 2,600 jobs and close offices after the lockdown saw more of its customer service go online.

JCB 900 jobs
May 15: Backhoe maker JCB said in May that up to 950 jobs were at risk after demand for its machines halved due to the coronavirus shutdown.

Tui 8000 jobs
May 13: Travel company Tui plans to cut up to 8,000 jobs globally in response to the coronavirus chaos ravaging the tourism industry.

Virgin Atlantic 3000 jobs
May 5: Richard Branson’s airline will cut more than 3,000 jobs, over a third of its workforce, and shut down operations at Gatwick.

Ryanair 3000 jobs
May 1: The Irish airline intends to cut 3,000 jobs and cut staff pay by up to a fifth.

Aer Lingus 900 jobs
May 1: The Irish airline, which is part of the International Airlines Group (IAG), plans to cut 900 jobs.

Oasis and warehouse 1,800 jobs
April 30: The fashion brands were bought from the administration by restructuring firm Hilco in April, with all their stores permanently closed and the loss of more than 1,800 jobs.

British Airways 12,000 jobs

April 28: The British airline plans to lay off up to 12,000 employees, a reduction of one in four jobs at the airline, with cabin crew, pilots and ground staff affected.

Meggitt 1,800 jobs

April 23: British engineering firm Meggitt plans to cut around 1,800 jobs manufacturing parts for commercial aviation.

Safran 400 jobs

April 23: French aircraft seat manufacturer Safran cut 400 jobs in its UK operations, including a factory in Cwmbran.

Cath Kidston 900 jobs

April 21: More than 900 jobs are to be cut with immediate effect at retro retail label Cath Kidston after the company announced the permanent closure of all 60 UK stores.

Debenhams 4000 jobs

April 9: At least 4,000 jobs will be lost at Debenhams in its head office and closed stores, following its collapse in administration in April, for the second time in a year.

Laura Ashley 2,700 jobs
March 17: Laura Ashley collapsed in administration with 2,700 job losses and said rescue talks were thwarted by the pandemic.


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