Category Archives: Job losses

Ocado failing to deliver on its potential as one of UK’s great technology hopes

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Firm’s automated warehouses are struggling to compete against swift deliveries from stores by bike riders

Only six years ago, the boss of Ocado Group was writing the obituary for supermarkets as he predicted that a surge in online grocery shopping during the pandemic had brought forward the hi-tech future.

“Not every store will disappear, but there will be a dramatic shift,” Tim Steiner said at the height of the Covid pandemic, when shopping from the sofa became the only option for many.

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Ocado to cut 1,000 jobs in £150m cost-saving drive

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Major restructure by retail technology business will lead to reduction of about 5% of global workforce

Ocado is to cut 1,000 jobs as the retail technology business attempts to slash costs by £150m in a major restructure.

The group confirmed about 5% of its global workforce is being cut, with about two-thirds of the job losses affecting its UK operations.

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Nestlé to axe 16,000 jobs as new chief targets sales growth

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Almost 6% of global workforce will be cut over next two years, including 12,000 white-collar professionals

Nestlé has said it will cut 16,000 jobs over the next two years as the owner of KitKat and Nescafé attempts to reduce costs and increase sales.

The Swiss-headquartered multinational said the cuts would include 12,000 white-collar professionals and 4,000 in its manufacturing and supply chain, close to 6% of Nestlé’s global workforce.

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Ineos to cut a fifth of Hull jobs, blaming ‘dirt-cheap’ imports from China

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Company says more roles will be at risk unless UK government supports tariffs to protect industry

Ineos, the chemicals company owned by the billionaire Sir Jim Ratcliffe, is to cut a fifth of jobs at its East Yorkshire plant, blaming “sky high” energy costs and “dirt-cheap” imports from China.

The company founded in 1998 by Ratcliffe, who co-owns Manchester United FC, said it would cut 60 jobs at the Acetyls site in Hull, which makes petrochemical products such as acetic acid. It said more roles would be at risk across the industry unless the government stepped in.

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Almost a third of Prax Lindsey oil refinery workers to lose jobs

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Insolvency Service says 125 roles to go at Lincolnshire plant, which went into administration in summer

Almost a third of workers at the Prax Lindsey oil refinery in north Lincolnshire, which collapsed into administration this summer, will lose their jobs at the end of October.

The Insolvency Service said the decision to make 125 roles redundant, with 255 people remaining at the site, “was not taken lightly” and follows a thorough review of “all aspects of the business, following its insolvency”.

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River Island gets green light for rescue that saves more than 4,000 jobs

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Restructure by family-owned fashion chain involves 33 store closures but leaves more than 1,000 jobs at risk

River Island has got the green light for a rescue restructure that saves more than 4,000 jobs but will shut 33 of the clothing chain’s 230 stores as people shift to buying online.

The plan to reduce costs, which still puts more than 1,000 jobs and a further 70 sites at risk, won approval from a high court judge on Friday after a majority of creditors gave their backing earlier in the week.

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Workers in UK need to embrace AI or risk being left behind, minister says

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Peter Kyle calls on employees and businesses to act now to get to grips with technology amid forecasts of job losses

Workers in the UK should turn their trepidation over AI into “exhilaration” by giving it a try or they risk being left behind by those who have, the technology secretary has said.

Peter Kyle called on employees and businesses to “act now” on getting to grips with the tech, with the generational gap in usage needing only two and a half hours of training to bridge.

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Nissan open to making cars for Chinese partner in Sunderland, says CEO

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Ivan Espinosa says UK plant will not be hit by cost cuts as Japanese firm reveals seven factories to close

Nissan’s new chief executive has said the Japanese carmaker would be open to building cars for a Chinese partner at its factory in Sunderland after he confirmed it would not be closed in a round of deep cost cuts.

This week Nissan revealed plans to close seven factories and cut 20,000 jobs after sustaining heavy losses.

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UK manufacturers to cut jobs ‘within weeks unless ministers can strike trade deal’

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Bosses from automative, manufacturing and energy warned MPs about effect of Trump tariffs

Britain’s manufacturers will start cutting jobs “within weeks” unless the government can strike a deal to safeguard the UK economy from Donald Trump’s trade war, industry leaders have told MPs.

Senior executives from the UK’s automotive, manufacturing and energy sectors warned a committee of MPs to expect job losses this summer if the US moves ahead with a swathe of global trade tariffs set out by Trump earlier this month.

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British Steel halts redundancy plans after government rescue

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Union welcomes announcement company is closing consultation on laying off up to 2,700 Scunthorpe workers

British Steel will not continue with a consultation on making up to 2,700 steelworkers at its Scunthorpe plant redundant, after the government took control of the firm earlier this month.

The Chinese company Jingye, which promised a “new chapter” when it bought British Steel in 2020, last month proposed closing Scunthorpe’s two blast furnaces, putting the roles under threat and ending Britain’s ability to produce steel from scratch.

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UK firms mull biggest layoffs in a decade as business confidence slumps

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Impending tax rises from autumn budget fuel collapse in sentiment and rising redundancy intentions, surveys show

UK employers are preparing for the biggest redundancy round in a decade amid collapsing business confidence as firms brace for tax increases from April that Rachel Reeves announced in her autumn budget.

In a fresh blow for the chancellor, the Chartered Institute of Personnel and Development (CIPD), which represents human resources professionals, said a survey of 2,000 employers showed redundancy intentions at their highest level in 10 years, barring the Covid pandemic.

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Santander to cut more than 1,400 jobs in UK amid increasing automation

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News of redundancies comes as UK division delays publication of results after car finance court ruling

Santander is cutting more than 1,400 jobs across its UK business this year as part of its efforts to reduce costs.

The Spanish bank’s chief executive officer, Hector Grisi, confirmed the cuts as its UK division delayed publication of its latest financial results to consider the impact of an influential court ruling linked to commission on car finance.

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‘We need to hear about hope’: unions greet Keir Starmer TUC speech with mixed emotions

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Enthusiasm for public sector pay awards tempered by concern over winter fuel payment cuts and job losses

“We’re hearing an awful lot about tough times: it’s like being in a Dickens novel. What comes after the tough times? We need to hear about hope.”

Onay Kasab, the national lead officer for the Unite trade union, was addressing a leftwing fringe meeting, but similar sentiments reverberated through the bars and coffee shops at this week’s TUC congress in Brighton.

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Shell to cut hundreds of jobs in oil and gas exploration operations

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Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025

Shell is to cut hundreds of jobs from its oil and gas exploration operation in the latest move by the chief executive, Wael Sawan, to slash up to $3bn (£2.3bn) in costs by the end of next year.

The energy company is to cut about a fifth of its workforce in two subdivisions of its oil and gas business responsible for exploration strategy and developing its oil and gas finds.

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Jobs market and pay growth are cooling off, large UK employers and recruiters warn

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Survey reveals net fall in permanent jobs last month amid lengthening slowdown in employment market

The UK’s largest employers have warned the jobs market is cooling amid a slowdown in wage growth in July and a fall in vacancies, extending an almost two-year downturn in hiring demand for permanent staff.

Figures from the Recruitment and Employment Confederation (REC) and the accountancy firm KPMG showed a fall in permanent staff placements in July as large employers made more redundancies and hired fewer new starters.

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Carpetright brand and 54 stores to be bought by rival, saving 300 jobs

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Rescue deal with Tapi Carpets and Floors will still result in about 1,000 job losses

The Carpetright brand and 54 of the flooring retailer’s stores are being bought by its rival Tapi Carpets and Floors in a deal that will save 300 jobs.

The multimillion-pound deal, which is expected to be finalised on Monday, does not include Carpetright’s head office in Purfleet, Essex, or 220 further shops, and will result in about 1,000 job losses.

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John Lewis owner cut 3,500 jobs last year yet hired chief on £1.2m pay deal

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Further job cuts likely as JLP says it is investing in automation as part of ‘simplifying the way we work’

The owner of John Lewis and Waitrose cut 3,500 jobs last year amid efforts to save costs in a tough market – but employed its first group chief executive on a more than £1m pay deal.

The staff-owned group, which has 34 John Lewis department stores and 329 Waitrose supermarkets, said it employed 72,900 people in its annual report published on Thursday, down from 76,400 a year before, helping to reduce its pay bill to £1.79bn from £1.82bn.

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EU to crack down on unpaid internships ‘exploiting despair of young people’

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Proposal seeks to retain talent in Europe and end labour shortage – but criticised for not going far enough

The EU is planning to clamp down on unpaid internships and “bogus” traineeships offered by unscrupulous employers with a new directive.

The move, which was criticised by some groups for not going far enough, is to be tabled on Thursday and is likely to be the last major legislative proposal before the mandate of the European parliament ends with the June elections.

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Luxury clothing brand Matchesfashion to enter administration

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New owner Frasers Group decides it is unwilling to fund turnaround

The luxury clothing retailer Matchesfashion is to enter administration after its new owner, Mike Ashley’s Frasers Group, said it was not willing to fund a turnaround.

Matches was acquired by Frasers just three months ago for £52m in cash from private equity firm Apax Partners but the business has “consistently missed its business plan targets” and made losses, Frasers said.

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Anglo American’s platinum arm to cut 3,700 jobs as metal’s price dives

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Johannesburg-based Amplats says one in five jobs will be lost in South Africa amid plunge in profits

The platinum arm of Anglo American is to cut 3,700 jobs in South Africa as the British mining company attempts to improve performance in the troubled division.

Anglo American Platinum (Amplats) said on Monday it aimed to cut jobs after a sharp drop in platinum metal prices, which had led to a collapse in profits last year.

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