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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 […]

59321810 - london, england - october 21: trains at a platform on london bridge station. in terms of passenger arrivals and departures it is the fourth-busiest station in london as well as the united kingdom as a whole, handling over 54 million customers a year.

UK strikes fall to all time low in 2017 since records began in 1891

The number of strikes in the UK last year was the lowest recorded to date, according to the Office for National Statistics (ONS). There were 79 stoppages in 2017, the lowest figures since records began in 1891. The number of workers involved in labour disputes also fell to an all-time low of 33,000. And there […]

53124275 - human resources interview recruitment job concept

Row over failure to pick woman for top Bank of England role: Only male in five candidates gets job

The appointment of another male economist to the Bank of England’s rate-setting Monetary Policy Committee has drawn fire from the female chairs of two House of Commons committees. The Business Committee’s Rachel Reeves called it “truly staggering”, while Nicky Morgan, from the Treasury Committee, said she was “disappointed”. Prof Jonathan Haskel’s appointment means there is […]

25694947 - coca cola set

Former Coca-Cola employee caught holding personal data of 8,000 employees

The Coca-Cola company has announced that it suffered a breach of personally identifiable information of about 8,000 people, eight months after law enforcement authorities alerted the company about a possible breach after apprehending a former employee with a hard drive containing such details. The company also announced that after investigating the contents of the hard […]

43260446 - varna, bulgaria - may 25, 2015: uber application startup page on the apple iphone 5s display in female hand. blurred street view with car and flare sun light on the background.

Uber to give its drivers sick pay and parental leave

Ride hailing firm Uber will give its European drivers access to medical cover and compensation for work-related injuries. The new protections include sick pay, parental leave and bereavement payments. Uber said it previously “focused too much on growth and not enough on the people who made that growth possible”. “We called drivers ‘partners’, but didn’t […]

Tesco

Tesco Direct closure puts 500 jobs at risk

Tesco plans to close its Tesco Direct website that sells general merchandise, putting 500 jobs at risk. The retailer said the non-food website was a “small, loss-making part of the business” and had “no route to profitability”. Tesco said the site faced high delivery and marketing costs that meant it could not work as a […]