John Lewis and boots to cut 5300 Jobs | UK Market Update

  • Jul 09, 2020 BST
  • Team Kalkine

UK's biggest High Street retailers, John Lewis and Boots, have announced 5,300 job cuts. Boots has said 4,000 jobs will go, while John Lewis is shutting down eight stores, putting 1,300 jobs at risk. The moves come amid warnings that new economic support from Chancellor Rishi Sunak will not be enough to stop millions of workers losing their jobs. Boots is consulting on plans to restructure head office and store teams and shut 48 Boots Opticians stores. John Lewis said department stores in Birmingham and Watford will not reopen as the coronavirus lockdown eases. It also plans to shut down its At Home stores in Croydon, Newbury, Swindon and Tamworth and travel sites at Heathrow airport and London St Pancras.

More than 3,000 workers have expressed interest in voluntary redundancy at Rolls-Royce across its UK operations. The engine company announced plans in May to reduce 9,000 jobs across its global workforce. About 1,500 jobs are expected to be lost from the manufacturer's Derby headquarters this year. Last month the company confirmed it was looking at closing 3,000 roles across the UK. About 52,000 people work for the engine-maker globally, and the company employs about 9,000 people at its Derby headquarters.

The boss of Burger King UK has warned that economic damage triggered by the coronavirus pandemic may push the fast food chain to permanently shut up to 10% of its restaurants. Those closures could lead to more than 1,600 lost jobs, Alasdair Murdoch said. Government schemes to help the restaurant industry do not do enough to overcome the combination of fixed costs and lost sale. Burger King has reopened about 370 of its 530 restaurants in the UK. On Wednesday, Chancellor Rishi Sunak said the government would subsidise 50% of restaurant bills up to £10 per person in August, in an effort to jumpstart consumer spending. But despite that scheme and other government support, the chain could close 5% to 10% of its stores as a result of costs such as rent and "taking absolutely no money". Such closures would lead to between 800 to 1,600 job losses.

#jobloss #Ukjobs #BurgerKing #Kalkine


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