Hundreds of additional street jobs will be lost this week after the Clothing quiz, the fashionable manner in difficulty, called administrators. Sky News understands that the company, which has been registered until recently on the London Stock Exchange, will see the closure of 23 of its stores, with around 200 employees who should be redundant. … Read more
A £9bn contract for a nuclear submarine has been awarded to Rolls-Royce – hailed by the government as a victory for the UK’s economy and nuclear deterrent. The Ministry of Defense confirmed overnight that the British company – not to be confused with the luxury car maker – had won an eight-year contract to design, … Read more
Nearly 170,000 retail workers lost their jobs this year after the collapse of major chain stores, according to data. This is the highest since more than 200,000 jobs in the sector were lost in 2020 in the wake of the crisis. COVID pandemic, which forced retailers to close their stores during lockdowns. The figures, compiled … Read more
Retail giants including Asda, Marks & Spencer, Primark and Tesco will host a New Year’s campaign to warn Rachel Reeves that plans to increase business rates in department stores will put jobs and workers at risk. stores. Sky News has learned that some of Britain’s biggest chains – which also include J Sainsbury, Morrisons and … Read more
Fourteen new trains are to be built at a Hitachi factory in County Durham, securing hundreds of jobs. The plan saves 700 jobs with a £500 million investment for the Newton Aycliffe site. The factory and its workers faced an uncertain future with a looming break in their order book before work began. HS2 (High … Read more
Bosch to cut up to 5,500 jobs due to slow sales of electric vehicles and competition from Chinese imports. It is the latest blow to Europe’s auto industry after Volkswagen and Ford announced thousands of job cuts last month. Cheaper electric cars made in China have made it harder for European manufacturers to remain competitive, … Read more
The governor of the Bank of England said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses resulting from the Budget. There is a “risk” of rising unemployment due to increases in employers’ national insurance contributions and increases to the minimum wage announced by Chancellor Rachel Reeves last month, … Read more