Tag • #job losses

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Ted Baker to close 15 UK stores with the loss of 245 jobs

news.movim.eu / TheGuardian · Monday, 8 April - 14:13

Outlets in Birmingham, Liverpool, Oxford, Leeds, Bristol and Nottingham among those to shut

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The high street fashion chain Ted Baker is to close 15 stores across the UK with the loss of 245 jobs after falling into administration.

The company’s European retail and online arm appointed Teneo as administrators last month after the retailer, which has 46 stores in the UK and Europe, struggled with tough trading conditions and the fallout from the 2019 ousting of its founder, Ray Kelvin, after claims of a culture of “forced hugs” at the company. Ted Baker was then hit by the emergence of an accounting error and a string of profit warnings.

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EU to crack down on unpaid internships with new directive

news.movim.eu / TheGuardian · Wednesday, 20 March - 13:31

Proposal seeks to retain talent in Europe and to end the labour shortage

The EU is planning to clamp down on unpaid internships and “bogus” traineeships offered by unscrupulous employers with a new directive.

The move to strengthen the rights of young people on the first rung of their career ladder – to be tabled on Thursday – is likely to be the last major legislative proposal before the mandate of the European Parliament ends with the June elections.

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The Body Shop files for bankruptcy in the US and Canada

news.movim.eu / TheGuardian · Sunday, 10 March - 15:00

About 400 more jobs at risk as cosmetics retailer struggles to pay suppliers in Australia after UK parent’s collapse

The Body Shop has filed for bankruptcy in the US and Canada and is struggling to pay suppliers in Australia as the group’s most profitable overseas businesses struggle with cash shortages after its UK parent’s collapse last month .

The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday, it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution centre that still holds millions of dollars-worth of stock.

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The Body Shop to close 75 stores across UK and cut hundreds of jobs

news.movim.eu / TheGuardian · Thursday, 29 February - 12:35

Administrators say closures will take place over next six weeks amid plans to ‘right-size UK store portfolio’

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The Body Shop is to close 75 stores across the UK in the next six weeks with the loss of 489 jobs, according to administrators who are overseeing the restructuring.

The closures are spread across the country, from Swansea to Glasgow, and mean that nearly 800 people will lose their jobs when the 300 redundancies at the head office are taken into account.

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Nationwide puts more than 300 people’s jobs at risk in latest cuts

news.movim.eu / TheGuardian · Friday, 23 February - 15:45

Letter to staff from building society’s union says move will lead to about 125 job losses, taking cuts over past year to nearly 800

Nationwide building society has put more than 300 people’s jobs at risk in the lender’s third round of cuts over the past 12 months as bosses push ahead with a major restructuring plan.

A letter sent to staff by Nationwide’s employee union, and seen by the Guardian, explains that the latest redundancies will affect workers across its retail service, customer resolutions, support and retail-risk divisions.

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Cumbria coalmine plans pit climate protection against job creation

pubsub.dcentralisedmedia.com / TheGuardian-Australia · Thursday, 4 February, 2021 - 19:06

Local divisions over Woodhouse Colliery scheme echo rows playing out at national level

Plans for the UK’s first deep coalmine in more than 30 years have led to local divisions in Cumbria, even as it becomes an international issue over the country’s climate change commitments.

James Hansen, one of the world’s foremost voices on the climate, this week took the unusual step of sending Boris Johnson a strongly worded letter warning that if the mine was allowed to proceed it would lead to “ignominy and humiliation” for the UK.