Redundancy

Chancellor set to announce tapering of furlough scheme

Employers will be expected to pay 20% of furloughed employees’ wages under plans set to be announced by chancellor Rishi...

EasyJet aircraft at Southend

EasyJet to cut 4,500 jobs as recovery is forecast for 2023

Budget carrier describes bookings for later in the year as encouraging but plans to lose 30% of workforce.

8.4 million furloughed as Sunak prepares to wind down scheme

Employers will soon be unable to furlough employees as the chancellor looks to end the job retention scheme.

BA plans to re-hire employees on worse terms, claim unions

The Unite union has accused British Airways of plans to “re-hire” most of its workforce on less favourable terms and...

The evolution of the furlough scheme: employers’ next steps

Employers need to start planning what their workforces will look like now as furlough evolves, writes Mark Kaye.

Wave of job losses across Rolls-Royce, Ovo Energy and JCB

Rolls-Royce is proposing a ‘major reorganisation’ that will involve at least 9,000 redundancies – around one-fifth of its global workforce....

Unemployment claims jump as vacancies plummet

More than 2 million people claimed unemployment benefit in April, as the coronavirus lockdown began to take its toll on...

Unemployment will rival early 1980s recession levels, top economist warns

The Bank of England’s chief economist: 'We're going back to the 1980s basically.'

One fifth plan redundancies this summer despite furlough scheme

Coronavirus uncertainty has caused a significant downturn in hiring intentions, an increase in planned redundancies and the likelihood of paltry...

Bring forward furlough flexibility and extend financial support, MPs told

Some groups of workers have fallen through cracks in the furlough scheme, MPs are told, and more flexibility urgently required by employers.

Tech giants Uber and Airbnb make sweeping job cuts

Pandemic forces global tech giants to reshape workforces, but country-by-country breakdown of job losses unknown.

Furlough scheme could begin to wind down from July

The government’s Coronavirus Job Retention Scheme could begin to wind down from July as lockdown measures are eased.
Chancellor Rishi...

Aviation job losses continue to mount

The number of aviation jobs expected to be lost due to the coronavirus crisis continues to climb, with Virgin Atlantic,...

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