Future of Work

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Staff shortages mean starting salaries rising at fastest rate for three years

Severe staff shortages are leading to rapidly rising starting salaries for those moving into new jobs, according to new research. Employers are paying more “to attract the right people”, the Recruitment and Employment Confederation said. Salaries for workers moving into new permanent roles rose at their fastest rate for three years in May, the REC […]

Employees1

Accountancy giant bans all-male job shortlists

Accountancy giant PwC has banned all-male shortlists for jobs in the UK in an attempt to increase the number of women in senior roles at the firm. It said the move was prompted by its recent pay gap report showing men on average earned 43.8% more than women. The company said recruitment was one of the areas […]

Starbucks1

Starbucks boss Schultz leaves the firm after 36 years

Starbucks executive chairman Howard Schultz, who oversaw the growth of the coffee chain into a global powerhouse, has said he is quitting the company after nearly four decades. Mr Schultz, who retired as chief executive last year, is to relinquish his seat on the board on 26 June. The move has raised questions about his political ambitions. […]

Millenials and men most demanding for customer service

Under 30’s turn away from union membership despite wage stagnation

The number of people under the age of 30 who are members of a trade union has fallen significantly since 2001. Figures from the Trades Union Congress provided to the BBC reveal membership levels among the under-30s have fallen from 20.1% in 2001 to 15.7% in 2017. In the private sector, which employs more than […]

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Accountancy firm gaffe disrupts Mothercare rescue plans

The future of 21 Mothercare stores has been left uncertain after the struggling retailer admitted that its advisers, KPMG, got their sums wrong. Last Friday, the firm said lenders had backed a restructuring plan including store closures and rent reductions. However, it has now emerged that plans for one division had not been approved by […]

Virgin Money

CYBG sweetens its offer for Virgin Money

The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has sweetened its £1.6bn offer to buy Virgin Money. Under the new terms, Virgin Money shareholders would own 38% of the new merged business instead of 36%. CYBG and Virgin Money said the move would create “the UK’s first true national banking competitor” as an alternative […]

Carluccios

Carluccio’s rescue plan could close up to one in three of it’s restaurants

Carluccio’s could close up to a third of its branches in a Company Voluntary Arrangement (CVA) rescue plan. Over 90% of Carluccio’s creditors approved the CVA, allowing it to close 30 loss-making restaurants. Under the plan, the company’s majority owner, the Dubai-based Landmark Group, will invest £10m in upgrading the remaining restaurants. It joins a […]

59473001 - kuala lumpur, malaysia, july 16, 2016: mothercare is an international retailer for parents and young children with 1500 stores across 60 countries.

50 Mothercare stores to close as rescue plan gets backing

Creditors of struggling mother and baby products retailer Mothercare have backed a restructuring plan that will lead to the closure of 50 stores. The closures – putting 800 jobs at risk – are part of a company voluntary arrangement (CVA), which allows companies to shut loss-making shops and reduce rents. Under the CVA, Mothercare will […]