Future of Work

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Wonga prepares for ‘orderly wind down’ after it goes into administration

Administrators have been officially appointed to conduct an “orderly wind down” of Wonga in the UK following the company’s collapse. The payday lender said its management had no alternative following attempts to restructure the business. It said the level of compensation claims for legacy loans meant it was unable to return to a profit. Borrowers […]

Homebase

Homebase rescue plan voted through by creditors

Homebase creditors have voted in favour of a rescue plan that will result in 42 stores closing. The chief executive of Homebase said the company voluntary arrangement (CVA) would help turn the business around and return it to profitability. Some landlords had planned to vote against the CVA, complaining that it treated them unfairly. Hilco […]

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The end of 9 to 5: PwC tells new staff they can choose which hours to work

Accountancy giant PwC has launched a scheme that allows some new recruits to work the hours they want. The Flexible Talent Network allows people to list their skills and preferred work pattern when they apply. PwC says the aim is to attract skilled people who don’t want to be tied to traditional 9-to-5 hours. Flexible […]

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More than two in three employees embrace the growth of AI in the workplace

The modern workplace has already embraced advanced technology with smart devices, paperless workplaces, cloud services and wearable tech that tracks employee productivity – in fact, much of this tech is already old news when it comes to the average workday. Research by flexible workspace specialist Instant Offices shows office workers believe tech integration improves working conditions, efficiency and […]

House-of-Fraser

600 House of Fraser warehouse jobs at risk says union

More than 600 jobs are under threat at two House of Fraser warehouses which supply deliveries to stores and customers, a union has warned. The GMB said 627 staff at the two warehouses were told on Friday that they are at risk of redundancy. XPO Logistics operates the sites, in Northamptonshire and Buckinghamshire. Last week, […]