Cineworld will reportedly unveil a sweeping overhaul this week that will cost hundreds of jobs and reduce its British footprint by at least a quarter. According to Sky News, the cinema chain will publish details of a restructuring plan on Friday that will result in the closure of around 25 sites across the UK. City...
Tag: jobs
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Major retailer to file for administration TODAY putting 2,000 jobs at risk
CARPETRIGHT will this morning file a notice to appoint administrators, putting nearly 2,000 jobs in jeopardy. Sources told The Sun that advisers at PwC realised there was no way of achieving a solvent sale of the retailer which has suffered slowing sales. One insider called the business “a real mess”. 1 Accounting firm PwC has...
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Report: Digital Job Growth in UK Hits Lowest Level in Decade
Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour government to promise to revitalize the industry as it seeks to fuel growth. The number of digital jobs climbed by just 0.3% last year — the lowest figure since a...
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Dyson to cut up to 1,000 jobs across the country as part of big shakeup
MANUFACTURER Dyson is planning on cutting 1,000 UK jobs as part of a major shake up. The company said it would be axing hundreds of staff due to a global restructure. 1 Dyson is planning on cutting 1,000 UK jobs as part of a global restructureCredit: Reuters Dyson’s chief executive officer Hanno Kirner said the...
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Britain prioritising jobs in Tata Steel talks – minister – ET Infra
LONDON: Britain‘s new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said on Sunday. Tata, Britain’s biggest steel producer, started closing one of its carbon-intensive blast furnaces on Thursday while the shutdown of its other one is slated for...
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New British govt prioritising avoiding job cuts in Tata Steel talks
The new government will need to sign the 500 million pound ($635 million) support package the previous government agreed with Tata Steel to help build a lower-carbon electric arc furnace. Photo: Bloomberg 1 min read Last Updated : Jul 07 2024 | 3:27 PM IST Britain’s new government is prioritising avoiding job losses in...
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Despite 20% lesser jobs on offer, starting pay in UK up 6.5% on year in May
A large number of people who have dropped out of Britain’s job market. (Photo: Bloomberg) 2 min read Last Updated : Jun 27 2024 | 1:23 PM IST Average starting pay for British jobs rose in May at the fastest pace in four months despite a 20 per cent annual fall in the number...
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UK job market on its way to recovery after downturn, say recruiters
2 min read Last Updated : Jun 10 2024 | 8:45 AM IST A fall in permanent hiring by employers in Britain was its least severe in more than a year in May and the recruitment market appears to be poised for a recovery, an industry survey showed on Monday. In a...
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Our triple lock will keep Britain safe while supporting good jobs across the UK
THIS week we honour our World War 2 heroes. We pay tribute to their extraordinary bravery at the D-Day landings. We will never forget their fight to keep us free. Yet, as we do so, military chiefs and veterans say they’re seriously concerned about the state of our armed forces today. 2 Labour’s ‘triple-lock’ means...
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Ukraine refugees face dwindling job opportunities in the U.K.
Merely weeks after Russia invaded Ukraine in 2022, the British government mobilized to offer asylum to people fleeing the conflict. Now refugees are struggling to find the high-quality jobs that their qualifications deserve. As the Russo-Ukrainian war grinds into its third year, visas issued to first arrivals are approaching expiry just as the U.K. labor...
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Riyadh set to host GREAT Futures Initiative Conference
RIYADH: Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,259.60 points, witnessing an increase of 42.55 points, or 0.35 percent. Nomu, the parallel market, ended the day at 26,859.37 points, shedding 336.56 points or 1.24 percent. Concurrently, the MSCI Tadawul Index grew by 5.34 points to close at 1,535.83, a 0.35 percent increase. TASI reported a trading volume of SR7 billion ($1.86 billion), with 85 stocks making gains and...
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King’s Award proves British businesses are seizing Brexit boost
Three burgeoning businesses capitalising on a Brexit boost have won a royal seal of approval as the very best of British. The trio will today be handed The King’s Awards for Enterprise – the highest official UK honour for firms – for their part as international trade, innovation, and sustainable development trailblazers. It comes just...
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