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Dr Martens has repaid its furlough cash to the government as a result of strong trading during the lockdown. The 60-year-old footwear brand, famous for its sturdy boots, said sales rose nearly 50% in the year to June, while the group’s profits nearly doubled. The company said it had claimed furlough payments under the government’s job retention scheme, which covered up to 80% of pay, for its retail and manufacturing staff between March and June. But the money has now been repaid given what the firm called its “resilience in trading and financial strength” during the crisis. The footwear firm has opened 16 new stores, taking its total to 122 during the year.
Uber CEO Dara Khosrowshahi says the ride-sharing company could be forced to shut down service in California for several months if a state court does not overturn a ruling requiring it to classify its drivers as full-time employees. Uber's rival Lyft issued the same warning about a probable shutdown soon after. Both companies are now in the process of filing appeals to overturn a Monday ruling from San Francisco Superior Court Judge Ethan Schulman, who determined there is an 'overwhelmingly likelihood' that the firms violated a state law by classifying their drivers as contractors instead of as employees.
BP plans the most massive downsizing of office locations and properties in its history amid remote work and office job cuts. BP is currently reviewing the need of office locations in the UK and abroad in view of the growing work from home trend amid the coronavirus pandemic. Over time, BP could nearly halve the office space it uses, which would be the most dramatic downsizing of office locations in the company’s more than 100 years of history. In June, BP said it would cut 10,000 jobs, or around 15 percent of its workforce, as it looks to cut costs amid the oil price crash resulting from the coronavirus pandemic.
#BP #Uber #UnitedKingdom #Kalkine
