Future of Work

Marks and Spencer details next tranche of stores set for closure

Marks and Spencer has named the next wave of stores earmarked for closure in its reorganisation plan, including those in Huddersfield, Hull and Luton. The 17 proposed closures are part of the clothing, homeware and food retailer’s five-year plan to shut more than 100 stores by 2022. The latest plans will affect 1,045 staff, who […]

Job losses at Ford on the line

Ford wants to cut 370 workers at an engine plant in south Wales in the first phase of almost 1,000 job losses. Unions have pledged to fight compulsory redundancies at the car giant’s plant in Bridgend after they were briefed by Ford management on Friday. It is believed the first tranche of cuts would be […]

Flybe to operate under Virgin Atlantic brand following acquisition

Flybe is being bought for £2.2m by a consortium including Virgin Atlantic and Stobart Group. It will operate under the Virgin Atlantic brand, marking a return by Virgin to domestic flights, following a failed attempt five years ago. Based in Exeter, Flybe carries around eight million passengers a year from airports such as Southampton, Cardiff and […]

Jaguar Land Rover to shed up to 5000 as part of cost cutting exercise

Jaguar Land Rover (JLR) will today announce it is cutting up to 5,000 jobs from its 40,000 strong UK workforce. Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected. The layoffs are part of a £2.5bn cost-cutting plan amid what industry insiders have called a […]

Monarch aircraft engineering goes into administration amid recriminations

The engineering arm of collapsed airline Monarch has gone bust with the loss of 408 jobs. Monarch Aircraft Engineering Limited (MAEL) is “unsustainable in its present form”, administrators KPMG said. Attempts to restructure the firm – taken over in October by Greybull Capital – had failed, KPMG confirmed. The union Unite accused Luton airport-based MAEL […]

BAE Systems to recruit 700 apprentices: Up by a third on last year

BAE Systems plans to recruit nearly 700 apprentices in 2019, up by almost a third on this year. The defence firm said the new recruits would join its air, land and maritime businesses and embark on one of 25 training programmes. Almost half will be based at the firm’s air sites in Samlesbury and Warton […]

UK ethnic minority workers face a £3.2 billion ‘pay penalty’

Britain’s black and ethnic minority workers face a “pay penalty” and earn less than white colleagues in the same jobs, according to a research group. A report from the Resolution Foundation says overall the 1.9m BAME workers are paid about £3.2bn less than their white counterparts every year. It used data from a survey of […]

Big four accountancy firms face major overhaul under new plans

The UK’s Big Four accountancy firms are facing a major shake-up under reforms proposed by the competition watchdog. The Competition and Markets Authority (CMA) wants to separate audit from consulting services, while also encouraging a wider choice of auditors. The review follows high-profile company collapses such as construction firm Carillion, which was audited by KPMG. […]