Future of Work

Bernard Matthews

Bernard Matthews in a flap with job cuts and late payments to suppliers

Concerns are growing for the financial strength of Bernard Matthews, Europe’s biggest turkey producer, after the company delayed payments to suppliers and told staff that it did not have the funds to settle redundancy payments in one sum. The struggling poultry supplier is also understood to be exploring selling off land to raise cash and […]

Waitress

New measures unveiled aimed at helping service staff keep their tips

Measures to help staff keep more of their tips and make it clearer to customers that they are optional have been proposed by the government. It follows claims that some restaurant chains were regularly holding back some or all of the tips meant for staff. Business Secretary Sajid Javid said the plan would “make tipping […]

Apprenticeship1

CBI calls for ‘radical rethink’ over the apprenticeship levy

The Government must collaborate with business to ‘radically rethink’ the design of the apprenticeship levy, if it is to deliver the quality skills training needed to support a more prosperous society, CBI Director-General Carolyn Fairbairn, will warn today (Thursday) She will highlight that businesses are committed to raising skill levels and support the Government’s ambition […]

Austin Reed

Austin Reed follows BHS into administration in unforgiving retail sector

Menswear retailer Austin Reed has entered administration, putting almost 1,200 jobs at risk. A statement from the administrators blamed a “challenging” retail market and cash flow difficulties. The company, which has 100 standalone stores and is stocked in a further 50, has struggled to compete and has seen its sales fall. Austin Reed began in […]

BHS administration

Retailer BHS files for administration as customers desert

Out of fashion UK retailer BHS is going into administration today (Monday) threatening 11,000 jobs. Talks are continuing with Sports Direct to buy some of BHS’s 164 stores but it is understood any buyer would only do so if it did not have to take on its £571m pension deficit. Last year BHS was sold […]

National Living Wage Firms Go Bust

Thousands of firms could go bust because of living wage

Data from Begbies Traynor shows that 60,000 companies were already in a “dire financial state” before the scheme was introduced, and the added cost could push many over the edge. Julie Palmer, partner at Begbies Traynor, said: “Sectors that traditionally pay low salaries are most at risk, and I wouldn’t be surprised if at least […]

Over 40s three day week

Over 40s should be working a three day week says new report

The over 40s perform best at work if their working week is restricted to three days, economic researchers have found. Experts in Japan analysed the employment habits and cognitive test results for 3,000 men and 3,500 women above the age of 40 in Australia, The Times reports. Results suggest that a generation of workers contemplating a […]

Baby boomers young workers

Baby boomers accused of blocking jobs for younger workers

Young people are struggling in a jobs market that is “stuck”, according to Lord Willetts Baby boomers are causing “blockages” in the jobs market which stop young people getting promotions or pay rises because David Cameron scrapped the default retirement age. Allowing people to work into their seventies means younger workers are now earning less […]