Pret a manger to close 30 stores across the UK | UK Market Update

  • Jul 06, 2020 BST
  • Team Kalkine

The finance ministry of the UK has announced that the number of work coaches at British job centres will be doubled. The finance ministry has announced that the job coaches would be increased to 27,000 at the cost of £800 million. Rising unemployment has made the government conscious as people on British employers' payrolls fell by more than 600,000 in April and May and vacancies plunged by the most on record in the three months to May.

Lockdown easing has started showing its impact, as the British new car registrations in June with a 35 per cent fall, showed the smallest drop since February. As per the data released by SMMT, the total registration of cars in the month of June stood at 145,377, 34.9 per cent lower as compared to the total registration of 223,421 reported in June 2019. However, year to date the decline was a bit sharper of 48.5 per cent to new registration of 653,502 cars as compared 1,269, 245 cars in YTD 2019. From the companies holding top market shares, luxury car brands suffered the steepest fall, BMW witnessing a slump of 48.52 percent followed by Mercedes-Benz with 35.98 per cent fall in sales during the month of June 2020.

Pret a Manger has said it will close 30 stores across the UK as a result of declining sales, putting around 1,000 jobs at risk. The coffee chain, which has taken a huge financial hit due to the coronavirus pandemic, said it was also planning to “reduce headcount” across many of its remaining 380 shops. More than 300 Pret shops have reopened following the easing of lockdown measures, but the company said sales were down 74 per cent on the previous year. Pret added a consultation with workers affected by the measures would begin this week, and that it would provide support to help employees who lose their jobs find new ones.

#UKlockdown #Jobloss #Covid19 #Kalkine

 


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