Future of Work

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Struggling House of Fraser faces store closures and job losses

Department store chain House of Fraser has appointed turnaround specialists to advise it on a restructuring plan which could involve store closures and job losses. The retailer has called in KPMG to examine all options, including an insolvency process called a Company Voluntary Arrangement (CVA). House of Fraser has 59 stores, 6,000 staff and 11,500 […]

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Record high employment as year long wage squeeze comes to an end

The year-long squeeze on wages is nearing an end, official figures for the three months to February suggest. Using the consumer prices index (CPI) average wages went up by 2.8%, still below the 2.9% inflation rate. But the Office for National Statistics said when wages are compared with their new measure of inflation, including housing costs […]

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Tesla owner wants his staff to walk out of bad meetings

Elon Musk wants staff to cut short unproductive phone calls and meetings as he aims to boost production of the Tesla Model 3 over the next few months. Work has temporarily halted at Tesla plants in California for upgrades aimed at increasing output from 2,000 to 6,000 cars per week by the end of June. […]

Apprenticeships

Apprenticeship levy ‘unfit for purpose’ in current forms says business leaders

The apprenticeship levy introduced in England last year is causing “confusion and frustration” among employers and must be reformed, according to the British Chambers of Commerce (BCC). Jane Gratton, head of skills at the BCC is due to tell a conference on apprenticeships that the scheme is currently “unfit for purpose”. Since its introduction the […]

Apprentice

Firms relabelling low-skilled jobs as apprenticeships says new think tank report

Fast food giants, coffee shops and retailers are relabelling low-skilled jobs as apprenticeships and gaining subsidies for training, a report says. The study by centre-right think tank Reform says many firms have rebranded existing roles after being obliged to contribute cash to on-the-job training. It adds that 40% of government-approved apprenticeship standards do not meet […]