Jaguar Land Rover Logistics workers to lose jobs | UK Market Update

  • Jul 08, 2020 BST
  • Team Kalkine

Three major online retailers have dropped fast fashion brand Boohoo over allegations of low pay and unsafe conditions at a supplier's factories. Next dropped Boohoo clothes from its websites last week, while Asos and Zalando followed suit on Tuesday. The company, which also owns the Nasty Gal and PrettyLittleThing brands, has denied any responsibility but said it would "thoroughly investigate" the claims. Boohoo's shares fell a further 12% on Tuesday after a 16% slump the day. Boohoo has launched an independent review of its supply chain after a scandal about working conditions at factories.

Samsung Electronics forecast a 23-percent rise in second-quarter operating profit Tuesday, with strong demand for memory chips and displays overcoming the impact of the coronavirus pandemic on smartphone sales. The world's biggest smartphone and memory chip maker said in an earnings estimate that it expected operating profit to be 8.1 trillion won ($6.8 billion) for April-June, up from 6.6 trillion won in the same period last year. Lockdowns imposed around the world due to the Covid-19 pandemic, , have boosted Samsung's chip business to meet surging demand for online activities.

Thousands more UK workers involved in making Jaguar Land Rover vehicles are set to lose their jobs, despite the embattled car industry returning to production after coronavirus shutdowns. Logistics giant DHL has notified unions that 2,200 workers, around 40% of those currently employed on its JLR contract, will be laid off. The news come just weeks after Tata-owned JLR, Britain’s biggest automotive company, announced it would cut 1,100 agency jobs.

#joblosses #ukjobs #Jaguar #LandRover #Kakine

 


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