Future of Work

Firms dragging their feet on gender pay gap reporting

UK companies are dragging their feet on gender pay gap reporting. With just one week to the deadline, nearly two-thirds of companies still have not disclosed the average difference between what they pay male and female employees per hour. In total, more than 10,000 of the UK’s large firms are expected to report, but just […]

Giraffe and Ed’s Easy Diner site closures agreed

Plans to close 27 Giraffe and Ed’s Easy Diner restaurants have been approved by creditors, putting hundreds of jobs at risk. The brands will enter a company voluntary arrangement (CVA) and close almost a third of their 87 restaurants. The business, owned by Boparan Restaurant Group (BRG), first put forward the plan earlier this month. […]

Next store sales and profits continue to fall as online sales take over

Next’s annual sales and profits at its High Street stores have continued their fall of recent years, while its online business continues to grow. Sales in Next’s stores fell nearly 8% last year to £1.95bn, while online sales rose by 14.7% to £1.92bn. It said online was a “long-term threat” to its High Street business, […]

Kingfisher boss to go as profits fall further

The boss of struggling DIY group, Kingfisher, which owns B&Q and Screwfix, is to step down amid worsening profits. Veronique Laury, who had been overseeing a turnaround plan, will leave the company, although no date was given for her departure. Profits fell 13% over the last year, with the firm’s French chain, Castorama, dragging down […]

UK Employment at highest level since records began almost half a century ago

The number of employed people in the UK has risen again, to a new record number of 32.7 million people between November and January, figures from the Office for National Statistics (ONS) show. The 76.1% employment rate is the highest since records began in 1971. Unemployment fell by 35,000 to 1.34 million in the period, putting […]

Volkswagen and former boss face US lawsuit over dieselgate

The US is suing Volkswagen, accusing the German carmaker of “massive fraud” over the diesel emissions scandal. The Securities and Exchange Commission (SEC) claims the firm misled investors by issuing billions of dollars worth of bonds and securities, without disclosing that it had cheated emissions tests. Volkswagen’s former chief executive Martin Winterkorn is also being […]

Travelodge targets parents to fill any Brexit staffing gap

Budget hotel chain Travelodge is targeting parents who want to return to work to fill a potential post-Brexit staffing gap if EU worker numbers fall. It plans to open 100 new hotels creating 3,000 jobs by 2023, and says it hopes to attract parents by offering flexible hours and school hour roles. The firm, which […]

Companies told women must make up third of senior directors by 2020

Dozens of firms, including Domino’s Pizza, JD Sports and Greene King have been told to put more women in their boardrooms. The Investment Association, a financial sector trade body, and the government-backed Hampton-Alexander review wrote to 69 companies. They have called on them to have 33% of their boards made up of women by 2020. […]

Bosses losing points for productivity

Gamified rewards and bonuses not only introduce an element of fun in to the workplace, but also increase employee performance – and according to new research, 52% of bosses are losing out on increased productivity by not making use of them. A survey of 1,096 UK workers, by workplace incentives and rewards provider, One4all Rewards, […]

Fashion retailers LK Bennett goes into administration

High-end fashion chain LK Bennett has called in administrators. The business, which has 39 shops and about 500 staff in the UK, signalled it was in difficulties last week after lining up EY as administrator if could not find fresh financing. The company was founded by Linda Bennett in 1990, and counts the Duchess of […]