Record Wage Decline Amid Inflation Crisis: UK’s Economic Struggles Continue
In a record-breaking decline, regular pay in the UK has fallen by 3% in the quarter ending June 2022...
redundancies
Co-op to Cut 400 Office Jobs Amid Tough Trading Environment
TV Anchor: In a challenging trading environment marked by rising inflation, The Cooperative Group (Co-op) has revealed plans to...
Missguided Seeks Buyers Amid Cost Cuts and Restructuring
Missguided, an online womenswear retailer, is reportedly attracting interest from major companies like Asos, Shein, JD Sports, the Frasers...
The Sofa Workshop Collapses into Administration: Timothy Oulton Acquires Customer Order Book
In a surprising turn of events, The Sofa Workshop, a UK upholstery retailer with 16 stores nationwide, has collapsed...
Poundstretcher Bounces Back with £30m Profit after CVA and Store Closures
In a surprising turnaround, discount retailer Poundstretcher has announced a staggering £30 million profit for the fiscal year 2021,...
House of Fraser Staff Faced with Zero-Hour Contracts Consultation
In a recent development, the Frasers Group is reportedly considering transitioning House of Fraser employees to zero-hour contracts. This...
Asos Plans Redundancies Across Topshop, Topman, and Miss Selfridge Brands
In a recent revelation by Drapers, online fashion retailer Asos plans to cut jobs at its Topshop, Topman, and...
Arcadia Employees Seek Legal Action Over Job Losses from Online-Only Takeovers
Over 30 former Arcadia employees have reached out to law firm Simpson Millar seeking legal action against the retailer...
UK Unemployment Rate Surges to 5% Amidst Record High Redundancies and Lockdown Measures
Unemployment in the UK has reached 5% with over 1.7 million people out of work, according to the Office...
Edinburgh Woollen Mill Group Saves 2,000 Jobs with Purepay Acquisition
In a major development, international investors have saved around 2,000 jobs at the Edinburgh Woollen Mill Group after acquiring...