Heathrow to axe up to 25% of its frontline jobs, under discussions with unions | UK Market Update

September 04, 2020 04:01 AM AEST | By Team Kalkine Media

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Britain's major airport could cut a fourth of its frontline staff after months of talks with trade unions about employee pay and conditions failed to land an agreement. Heathrow Airport notified union representatives on Wednesday that it was publishing a formal Section 188 notice, prompting a 45-day consultation phase that might result in obligatory job losses.

Despite the pandemic, Lego is on track to open 120 new shops this year. Boss Niels Christiansen said that since our stores have reopened after lockdown, there have been queues, He mentioned that Lego gives people the brand experience inside the shops which cant be done outside. The news comes as the Danish toy firm announced revenues of DKK 15.7bn (£1.8bn) for the first half of the year, up 7%, while operating profit grew by 11%.

Bank of England governor Andrew Bailey told MPs on Wednesday that The UK is facing a long-lasting £33bn yearly knock to the economy as it emerges from the covid-19 virus. Mr Bailey warned that Fundamental adjustments in the economy as residents shift their behaviors in reaction to the pandemic could cause long-term “scarring” to growth and employment.

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