Labour has warned that over a million jobs in the hospitality sector are at risk of being lost if furlough is not extended, with the scheme currently set to end in April. According to the Office for National Statistics, one in ten hospitality businesses believe that they may be making staff redundant over the next three months. Furthermore, the latest survey data has shown that a huge 39% of firms in the sector are at risk of insolvency.
Figures released today by the Office for National Statistics (ONS), have shown the number of people in work decreased by 220,000 between April and June. The largest quarterly drop since the height of the financial crisis in 2009. As with the crisis then, young workers are expected to be hit hardest. Morgan Horn, industrial officerContinue reading “Job losses reach new high”
The London Stock Exchange listed owners of the Frankie and Benny’s chain have confirmed that they will be shutting 125 outlets across Britain in the wake of the COVID-19 Pandemic.