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Coronavirus: More than 10,000 job losses announced in a week | Business News

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The grim toll of coronavirus-related job losses has risen again in the last week.

Firms have seen their revenues decimated by the impact of the pandemic and have started to launch redundancy consultations before they start picking up some of the cost of furloughed workers from next month, as the government gradually reduces the support available through the scheme before it ends in October.

After devastating economies across the globe, the impact of the COVID-19 outbreak on jobs is starting to bite, with the threat of unemployment reaching levels not seen since the 1980s.



Painful decisions for employers to come



Painful decisions for employers to come

Businesses have been forced to close, adapt or otherwise weather the disruption since lockdown in late March.

Here are some of the job losses announced in the last seven days:

Upper Crust – 5,000 jobs

SSP Group – the company behind the Upper Crust catering brand – is set to announce its plans to make more than half of its UK workforce redundant.

A message circulated among staff on Tuesday, part of which has been seen by Sky News, said proposed changes “could lead to a headcount reduction of up to c.5,000 across SSP Group, SSP Finance and SSP UK, which includes all head office colleagues and both salaries and hourly paid colleagues in operations”.

Airbus – 1,700 jobs

The France-based aeroplane maker currently employs 13,500 people in the UK, including at major sites at Broughton in North Wales and Filton in Bristol.

It said it was cutting 15,000 roles worldwide as it faces up to what it described as an “unprecedented crisis” in the industry.



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Easyjet – 727 pilots

The budget Luton-based carrier has started talks with unions on cutting up to 1,900 UK-based jobs including more than 700 pilots after the collapse in air travel due to coronavirus.

The airline says it is looking at the closure of three of its bases in the UK – London Stansted, London Southend and Newcastle, though the airports would remain part of its route network.

Royal Mail – 2,000 jobs

Royal Mail says its restructuring has been prompted by the “additional challenges” of the pandemic.

The cuts will reduce the number of UK management roles in the business – currently totalling 9,700 – by around a fifth.

TM Lewin – 600 jobs

The 122-year-old shirtmaker says it plans to close all of its shops after taking a major hit during the crisis.

A firm hired to restructure the menswear company said it was switching all sales to the internet to save the brand, but would not be able to rescue its estate of 66 shops.

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Bensons for Beds – 1,000 jobs at risk

Blue Group – the owner of the Harveys furniture chain and Bensons for Beds – has appointed administrators and is to be broken up in a financial restructuring that will save at least 1,900 retail industry jobs.

In total, the group employs around 3,000 people, meaning more than 1,000 employees have yet to be given assurances about their future.

In a memo to staff seen by Sky News, Blue Group’s chief executive, Mark Jackson, wrote that it had had to “take immediate action to ensure the part of our business with the brightest prospects can rebuild as we emerge from COVID-19”.

Smiths Group

The engineering giant and FTSE 100 firm Smiths Group says it will cut jobs as part of a major £65m restructuring of the business aimed at reducing costs.

Chief executive Andy Reynolds Smith said he regrets that the move will “result in some job losses”, although the scale of the cuts remains unknown.

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