Companies cutting jobs this week – from Shell to TSB, Pizza Hut and Burger King

“We are reshaping our business to transform the customer experience and set us up for the future. This means having the right balance between branches on the high street and our digital platforms, enabling us to offer the very best experience for our personal and business customers across the UK.”

Every major brand that’s cut jobs since the start of the coronavirus pandemic – listed

May 12 – Carnival UK (owns P&O Cruises and Cunard) – 450

From Exxon to Charles Schwab, white-collar job cuts are mounting

Raytheon (RTN) disclosed this week it will lay off 4,000 contractors, mostly engineers, as well as 1,000 corporate employees. And that’s on top of Raytheon’s previously announced plans to lay off 15,000 employees because of the downturn in the aviation industry.

Marks & Spencer to cut 7,000 jobs over three months

“Retailers remain in survival mode, preserving cash and hanging on for more sustainable levels of demand to return. But the way we shop has changed on a permanent basis for many parts of the sector almost overnight. The reality is that many more retailers will fail and the number of job losses will ramp up […]

Flight attendants share emotional goodbyes on final flights following job cuts

Laid off airline employees are not getting any benefits other than severance pay. That means no health insurance or free flights, and the airlines have said they don’t know when or if they’ll be needed again. And because of training and recertification requirements, it will be difficult to recall these former employees once they are […]

6million households on Universal Credit face £1k a year benefit cut if Rishi Sunak axes pandemic boost

Apply for an advance - Claimants are able to get some cash within five days rather than waiting weeks for their first payment. But it’s a loan which means the repayments will be automatically deducted from your future Universal Credit payout. Alternative Payment Arrangements - If you’re falling behind on rent, you or your landlord may be […]

Greggs in talks to cut staff hours to save thousands of jobs when furlough ends

Worcester, 59 High Street Nottingham, Albert Street Cambridge, Lion Yard Sheffield, Fargate Uxbridge, High Street Reading, Broad Street High Wycombe Gateshead Metrocentre Peterborough, Queensgate Centre Edinburgh, Shandwick Place Chichester, East Street Glasgow Fort shopping centre Leicester, Gallowtree Gate Shrewsbury Lakeside, Essex Cardiff, Capitol Centre Newcastle, Grainger Street Stratford-upon-Avon Norwich, Chapelfield

Cathay Pacific to cut thousands of jobs and eliminate Cathay Dragon airline as Covid-19 weighs on travel

The International Air Transport Association, which represents some 290 airlines, said last week that it estimates airline revenues this year will be down at least 50% ($419 billion compared to $838 billion in 2019). The trade group urged governments to use Covid-19 testing to safely re-open borders and called for more financial support “to prevent […]

The collapse of global air travel is putting 46 million jobs at risk

Airlines have called on governments to provide additional financial support and coordinate on rapid coronavirus tests to be given to passengers before flights. Doing so would make people more comfortable flying, they say, and allow governments to ease restrictions that have forced millions of tourists and business travelers to postpone or cancel their trips.

CEOs and unions come together in 11th hour plea for Congress to save airline jobs

“The problem for us today is that [a vaccine] is so far over the horizon we put our companies at risk,” said Kirby. “By the time we get to March, even if we’re not past the coronavirus, and there’s a good chance we won’t be past it by then, but we’ll have a lot more […]