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The employers making massive job cuts as 15,000 roles lost in a day at Tui, Whitbread and Wetherspoon

September 22, 2020
in Pension Changes
The employers making massive job cuts as 15,000 roles lost in a day at Tui, Whitbread and Wetherspoon
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As the UK edges closer to another lockdown and the furlough scheme prepares to wind down in a month, the job market continues to worsen – with almost 15,000 potential cuts announced on Tuesday alone.

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This morning has already seen travel giant Tui announce plans to cut 8,000 roles, after Premier Inn owner Whitbread warned it could axe 6,000 jobs – both due to falling sales. Pub chain J D Wetherspoon has also today revealed its intention to cut up to 450 from its sites at six UK airports.

With the number of major potential job losses announced since March having stood at over 185,000 roles on Friday, that number now appears to have edged over 200,000. Figures from the Office for National Statistics in August suggested the figure is actually far higher – closer to the 700,000 mark.

It comes as the Government’s furlough scheme, which protected millions of jobs throughout the national lockdown, is set to end in October.

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Things do not appear to be easing for the jobs market either, with further lockdown restrictions set to be announced by the Government on Tuesday – which will see pubs and restaurants ordered to close from 10pm until 5am – and staff asked to work from home if they can.

All eyes will be on Chancellor Rishi Sunak next month as he delivers his Autumn Budget – to see whether furlough will be extended, as well as other financial packages for sectors in urgent need of support. Speculation suggests there could be tax rises to fund the coronavirus response including capital gains tax increase, or cuts to pension tax relief spending.

That’s as well as potential state pension changes, which could give pensioners a yearly income increase.

The major potential job losses announced since March 23. Figures correct as of September 18

Total: 186,381

September 18 – Investec – 210

September 15 – Waitrose – 124

September 14 – London City Airport – 239

September 9 – Lloyds Bank – 865

September 9 – Pizza Hut – 450

September 4 – Virgin Atlantic – 1,150

September 3 – Costa – 1,650

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August 27 – Pret a Manger – 2,800 (includes 1,000 announced on July 6)

August 26 – Gatwick Airport – 600

August 25 – Co-operative Bank – 350

August 20 – Alexander Dennis – 650

August 18 – Bombardier – 95

August 18 – Marks & Spencer – 7,000

August 14 – Yo! Sushi – 250

August 14 – River Island – 350

August 12 – NatWest – 550

August 11 – InterContinental Hotels – 650 worldwide

August 11 – Debenhams – 2,500

August 7 – Evening Standard – 115

August 6 – Travelex – 1,300

August 6 – Wetherspoons – 110 to 130

August 5 – M&Co – 380

August 5 – Arsenal FC – 55

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August 5 – WH Smith – 1,500

August 4 – Dixons Carphone – 800

August 4 – Pizza Express – 1,100 at risk

August 3 – Hays Travel – up to 878

August 3 – DW Sports – 1,700 at risk

July 31 – Byron – 651

July 30 – Pendragon – 1,800

July 29 – Waterstones – unknown number of head office roles

July 28 – Selfridges – 450

July 27 – Oak Furnitureland – 163 at risk

July 23 – Dyson – 600 in UK, 300 overseas

July 22 – Mears – fewer than 200

July 20 – Marks & Spencer – 950 at risk

July 17 – Azzurri Group (owns Zizzi and Ask Italian) – up to 1,200

July 16 – Genting – 1,642 at risk

July 16 – Burberry – 150 in UK, 350 overseas

July 15 – Banks Mining – 250 at risk

July 15 – Buzz Bingo – 573 at risk

July 14 – Vertu – 345

July 14 – DFS – up to 200 at risk

July 9 – General Electric – 369

July 9 – Eurostar – unknown number

July 9 – Boots – 4,000

July 9 – John Lewis – 1,300 at risk

July 9 – Burger King – 1,600 at risk

July 7 – Reach plc – 550

July 6 – Pret a Manger – 1,000 at risk

July 2 – Casual Dining Group (owns Bella Italia and Cafe Rouge) – 1,909

July 1 – SSP (owns Upper Crust) – 5,000 at risk

July 1 – Arcadia (owns TopShop) – 500

July 1 – Harrods – 700

July 1 – Virgin Money – 300

June 30 – Airbus – 1,700

June 30 – TM Lewin – 600

June 30 – Smiths Group – “some job losses”

June 25 – Royal Mail – 2,000

June 24 – Jet2 – 102

June 24 – Swissport – 4,556

June 24 – Crest Nicholson – 130

June 23 – Shoe Zone – unknown number of jobs in head office

June 19 – Aer Lingus – 500

June 17 – HSBC – unknown number of jobs in UK, 35,000 worldwide

June 15 – Jaguar Land Rover – 1,100

June 15 – Travis Perkins – 2,500

June 12 – Le Pain Quotidien – 200

June 11 – Heathrow – at least 500

June 11 – Bombardier – 600

June 11 – Johnson Matthey – 2,500

June 11 – Centrica – 5,000

June 10 – Quiz – 93

June 10 – The Restaurant Group (owns Frankie and Benny’s) – 3,000

June 10 – Monsoon Accessorise – 545

June 10 – Everest Windows – 188

June 8 – BP – 10,000 worldwide

June 8 – Mulberry – 375

June 5 – Victoria’s Secret – 800 at risk

June 5 – Bentley – 1,000

June 4 – Aston Martin – 500

June 4 – Lookers – 1,500

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May 29 – Belfast International Airport – 45

May 28 – Debenhams (in second announcement) – “hundreds” of jobs

May 28 – EasyJet – 4,500 worldwide

May 26 – McLaren – 1,200

May 22 – Carluccio’s – 1,000

May 21 – Clarks – 900

May 20 – Rolls-Royce – 9,000

May 20 – Bovis Homes – unknown number

May 19 – Ovo Energy – 2,600

May 19 – Antler – 164

May 15 – JCB – 950 at risk

May 13 – Tui – 8,000 worldwide

May 12 – Carnival UK (owns P&O Cruises and Cunard) – 450

May 11 – P&O Ferries – 1,100 worldwide

May 5 – Virgin Atlantic – 3,150

May 1 – Ryanair – 3,000 worldwide

April 30 – Oasis Warehouse – 1,800

April 29 – WPP – unknown number

April 28 – British Airways – 12,000

April 23 – Safran Seats – 400

April 23 – Meggitt – 1,800 worldwide

April 21 – Cath Kidston – 900

April 17 – Debenhams – 422

March 31 – Laura Ashley – 268

March 30 – BrightHouse – 2,400 at risk

March 27 – Chiquito – 1,500 at risk.

— to www.business-live.co.uk

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