Pret A Manger cuts 2,800 jobs as sales drop to lowest level in 10 years | Economic news

0
57


Pret A Manger cuts 2,800 jobs due to the economic slowdown caused by the coronavirus.

The popular coffeehouse chain said its sales were lower than they were 10 years ago, due to COVID-19[feminine[feminine.

It follows the announcement that 30 Pret stores across the UK will close permanently.

Image:
Pret is cutting 2,800 jobs due to the coronavirus pandemic. File Image

In a statement Thursday, CEO Pano Christou said: “I am drained that we must have lost so many colleagues.

“Although we are now starting to see a steady but slow recovery, the pandemic has swept away nearly a decade of growth in Pret.

“We have been successful in protecting many jobs by changing the way we run our workshops and the times we ask team members to work.

About 1,000 other positions within the company were preserved after staff agreed to move to a lower level of minimum weekly hours.

Plus sur After The Pandemic

The channel said that decision would be continually reviewed to reflect footfall and sales levels through the remainder of 2020 and into early 2021.

Mr Christou added, “I hope we will be able to look at all of these changes now that trade is improving again, and I am encouraged by the improvements we see every week. ”

Trade between UK stores remains down around 60% year on year, with weekly Pret UK sales averaging £ 5million – the level at which they were in August 2010.

The company said the downsizing was due to “shorter hours of operation, lower transaction levels and losses suffered by the business in 2020″.

He also said that alongside the downsizing of stores, 90 other roles had been reduced in his support center teams.

But Mr Christou continued, “We will soon be announcing a number of big changes to help bring Pret to more people.

“We are grateful to the government for the support it has given to our sector, and hope that this support will continue for as long as possible to give Pret time to adjust. ”

:: Listen to the daily podcast on Apple Podcasts, Google Podcasts, Spotify, Spreaker

Corporate payrolls have fallen by 730,000 since the start of the pandemic.

Data released by the Office for National Statistics (ONS) showed 81,000 fewer people on payrolls last month alone, despite continued support to employers through government loans and the Job Retention Program for workers on leave.

The figure does not include the self-employed – also eligible for taxpayer assistance.

LEAVE A REPLY

Please enter your comment!
Please enter your name here