BP to slash 10,000 Jobs | UK Market Update

  • Jun 09, 2020 BST
  • Team Kalkine

BP is slashing 10,000 jobs as the coronavirus crisis sparks a brutal clear-out of senior management and white-collar staffIn the latest sign of the corporate carnage inflicted by the pandemic, the FTSE 100 super-major's boss Bernard Looney told staff almost 15 per cent of the workforce will be axed.

The luxury British brand Mulberry is planning to cut at least 25% of its global workforce of almost 1,400 to reduce costs as sales have suffered because of the coronavirus pandemic. The company, which employs 1,140 staff in the UK, is seeking to make the cuts across its entire business, from head office and retail to manufacturing and distribution.

Travel corridors allowing unrestricted movement between Britain and some other countries will open from June 29, a UK tourism lobby group said on Tuesday, citing assurances it said it received from senior government sources. Britain introduced a 14-day quarantine for international arrivals on Monday despite warnings from airlines, airports and others that this could lead to more job losses just when they were hoping to launch a recovery from COVID-19.

#uktourism #jobloss #BP #Kalkine


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