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...
redundancies
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...
Shoe Zone Announces Store Closures and Redundancies Amid Covid-19 Impact
Shoe retailer Shoe Zone plans to close up to 90 stores over the next year and a half due...
UK Unemployment Hits 4.5% Amid Pandemic Struggles
Unemployment in the UK has reached its highest level in over three years, with a 4.5% rate and 1.58...
Clarks Considers CVA for Rescue Deal with LionRock Capital Amidst Store Closures and Redundancies
Embattled shoe retailer Clarks may reportedly consider a Company Voluntary Arrangement (CVA) to secure a rescue deal from potential...
700,000 Jobs at Risk as Furlough Scheme Ends
In new research from the Institute for Employment Studies (IES), over 700,000 employees could face redundancies in the second...
Mid-Sized UK Businesses Face Job Cuts Amid End of Coronavirus Scheme, BDO Survey Shows
Half of the UK's medium-sized businesses plan redundancies as the Coronavirus Job Retention Scheme ends, reveals a BDO survey....
M&S Announces 7,000 Job Cuts Amidst Streamlining Programme
Marks and Spencer plans to cut 7,000 roles across its business over the next three months as part of...
Debenhams Cuts 2,500 Jobs Amidst Challenging Trading Environment
Embattled department store chain Debenhams has cut 2,500 staff roles in an effort to secure its future. The retailer...
Waterstones Announces Head Office Redundancies Amid Pandemic Impact
Waterstones is reportedly planning to make redundancies at its Piccadilly head office due to reduced sales during the pandemic....