High Street Stores & Other Businesses At Risk | Page 17 | Vital Football

High Street Stores & Other Businesses At Risk

Not a high street store... but more jobs... might re-title thread

Virgin Atlantic is to cut 1,150 more jobs after completing a £1.2bn rescue plan that will secure its future for at least 18 months.

The airline had already cut more than 3,500 jobs out of the 10,000 employees it had at the beginning of the year.

https://www.bbc.co.uk/news/business-54027229
 
This has been kicking about for a while, now confirmed:

Pizza Express is to close 73 restaurants, putting 1,100 jobs at risk, after creditors approved a rescue restructure.

The casual dining chain has 355 Pizza Express restaurants open in the UK, and more than 30 more restaurants and music venues are scheduled to reopen in the coming weeks. It also operates 150 outlets internationally.

The closures span Aberdeen to Torquay, including its original site in Wardour Street in Soho, which opened in 1965, and other outlets in London, Birmingham and Bristol.

https://www.theguardian.com/busines...se-restaurants-jobs-birmingham-bristol-london
 
Lloyds Banking Group and Pizza Hut are the latest firms to announce job cuts due the impact of the pandemic. Lloyds said it was cutting 865 jobs in areas such as insurance and wealth management as it revived plans to restructure the business. Separately, Pizza Hut is planning to close 29 restaurants with the loss of 450 jobs.
https://www.bbc.co.uk/news/business-54079002
 
John Lewis has confirmed that staff will not receive a bonus for the first time since 1953 after it was hit by lockdown store closures.

The retailer - which also owns Waitrose - posted a huge £635m pre-tax loss for the six months to 25 July after higher costs offset a 1% rise in sales.

https://www.bbc.co.uk/news/business-54187674
 
mike_field said:
Lloyds Banking Group and Pizza Hut are the latest firms to announce job cuts due the impact of the pandemic. Lloyds said it was cutting 865 jobs in areas such as insurance and wealth management as it revived plans to restructure the business. Separately, Pizza Hut is planning to close 29 restaurants with the loss of 450 jobs.
https://www.bbc.co.uk/news/business-54079002
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There will be thousands of jobs lost in banking over the next 12 months, this is just the start.
 
The Fear said:
John Lewis has confirmed that staff will not receive a bonus for the first time since 1953 after it was hit by lockdown store closures.

The retailer - which also owns Waitrose - posted a huge £635m pre-tax loss for the six months to 25 July after higher costs offset a 1% rise in sales.

https://www.bbc.co.uk/news/business-54187674
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Massive losses. I fear for them as they haven't moved with the times, M&S in the same bracket
 
Silhillvilla said:
Massive losses. I fear for them as they haven't moved with the times, M&S in the same bracket
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Yup, I personally just cannot afford to support the high street. Not sure it ever supported 'me' during their good times, but now i look at the prices of things in my local Debenhams, or HMV, then I look at how much it costs online and unfortunately, it is a no brainer.

Survival of the fittest and unfortunately none are that fit.

There are some mitigating circumstances with the John Lewis losses according to the report mind you.
 
My argument there is I support my high street regularly - but M&S and the likes aren't there.

On a company front I have little sympathy given how they screwed down costs, centralised and basically attempted to shaft the independent/smaller high street - but I more than feel for the staff.
 
mike_field said:
My argument there is I support my high street regularly - but M&S and the likes aren't there.

On a company front I have little sympathy given how they screwed down costs, centralised and basically attempted to shaft the independent/smaller high street - but I more than feel for the staff.
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Pretty much. More and more pushed into the gig economy. There needs to be a radical re-think when it comes to education otherwise we will be sleep walking into mass unemployment and a legitimate low paid (or simply not paid), low skilled underclass over the next decade or so.
 
Silhillvilla said:
Yes , you pay for it mind you but at present I can afford it. It's easy to see if money gets tight why your Lidls are winners. There's some decent stuff in there
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Yup, for main shops we still bounce between Asda and Aldi but we don't overly stock up as local shops are fine for top ups even if it's a bit more.

Don't use our local butcher often, but once a month or so - given the up kick in quality, size and it's local meat to boot, although more expensive I can eat less so it stretches longer when you portion. I don't think (for us at least) it works out that much more expensive in the long run - it's just a bigger £ hit to begin with.

There is a balance to be found I think, you just need to be able to swallow the instant hit more than you would a main supermarket.
 
Pangloss said:
Pretty much. More and more pushed into the gig economy. There needs to be a radical re-think when it comes to education otherwise we will be sleep walking into mass unemployment and a legitimate low paid (or simply not paid), low skilled underclass over the next decade or so.
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Thought I'd replied to this mate.

The education system needed a do-over pre Covid in fairness. Education isn't about teaching and preparing for life or even generic interest, it's a conveyor belt for the majority to learn to tow the line, say yes Sir, don't question and know enough to not lick a plug socket or a cooker hob.

Post-Covid - change has to be radical, but it needs to be from the Gov as well on the gig economy and rights. Also a final realisation a job isn't for life anymore like it was pre-90's.

We already have the low paid/low skilled working underclass - Boris used to call them nurses and care assistants - and it's only going to get worse.

But I'll stop there as I'm beginning to go wildly off topic here lol
 
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