Not a very good start to the year.
“More than 21,000 UK jobs have been cut or put at risk in the first three months of 2018 as retail store closures, company restructuring and Carillion’s collapse resulted in a bleak quarter.
A Press Association analysis reveals that 21,413 staff have already been made redundant or had their role threatened, most of them at established high-street chains.
Since January, Toys R Us and Maplin have filed for administration, while New Look and Select are closing stores. Last week, the Bargain Booze owner Conviviality said it planned to call in administrators in the next 10 days, with 2,600 jobs at risk. The dining sector has also suffered, with Prezzo, Byron and Jamie’s Italian shutting restaurants and culling hundreds of jobs.
Retailers have been hammered by Brexit-fuelled inflation, soaring business rates and falling consumer confidence.
Supermarket giants have also made deep cuts to shop floor staff, with Morrisons, Sainsbury’s and Tesco axing 5,200 roles between them.”
“More than 21,000 UK jobs have been cut or put at risk in the first three months of 2018 as retail store closures, company restructuring and Carillion’s collapse resulted in a bleak quarter.
A Press Association analysis reveals that 21,413 staff have already been made redundant or had their role threatened, most of them at established high-street chains.
Since January, Toys R Us and Maplin have filed for administration, while New Look and Select are closing stores. Last week, the Bargain Booze owner Conviviality said it planned to call in administrators in the next 10 days, with 2,600 jobs at risk. The dining sector has also suffered, with Prezzo, Byron and Jamie’s Italian shutting restaurants and culling hundreds of jobs.
Retailers have been hammered by Brexit-fuelled inflation, soaring business rates and falling consumer confidence.
Supermarket giants have also made deep cuts to shop floor staff, with Morrisons, Sainsbury’s and Tesco axing 5,200 roles between them.”
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