Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Wetherspoon to cut up to 130 head office jobs

Thu, 06th Aug 2020 08:40

(Sharecast News) - JD Wetherspoon has told head office employees that almost a third of their jobs are at risk because of the downturn in the pub and restaurant trade.
The FTSE 250 pub chain said between 110 and 130 jobs were at risk of redundancy out of 417 working at the company's base in Watford, Hertfordshire, and in regions.

Wetherspoon said the decision was caused by a general downturn in trade, slower expansion and the company having 82 fewer pubs than five years ago.

Chief Executive John Hutson said: "The company will listen to suggestions from staff to help avoid or reduce the number of compulsory redundancies which are required. Wetherspoon is proposing to collectively consult with employees through an employment representative committee."

Hutson said the company would consider voluntary redundancies, early retirement, transferring employees to pubs, reduced working hours and unpaid sabbaticals as options to minimise forced redundancies.

Wetherspoon said all head office employees would be affected by the process except those working directly in Northern Ireland and the Republic of Ireland. The cuts do not affect staff in the group's 873 pubs.

Related Shares

More News
19 Apr 2024 09:26

LONDON BROKER RATINGS: Peel Hunt starts NatWest and Barclays at 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

22 Mar 2024 16:53

LONDON MARKET CLOSE: Rate cut euphoria lifts FTSE 100; New York slips

(Alliance News) - London's FTSE 100 ended higher on Friday, boosted by a favourable Bank of England interest rate outlook, though trade elsewhere was ...

22 Mar 2024 16:09

London close: Stocks mixed as Bailey hints at rate cuts

(Sharecast News) - London's stock markets closed in a mixed state on Friday as investors weighed optimistic retail sales data against remarks from Ban...

22 Mar 2024 11:46

LONDON MARKET MIDDAY: FTSE 100 boosted after week of rate decisions

(Alliance News) - The FTSE 100 in London were higher at midday on Friday, as investor sentiment remained high, after there were no surprises from UK a...

22 Mar 2024 09:23

JD Wetherspoon half-year profit plummets amid higher property losses

(Alliance News) - JD Wetherspoon PLC on Friday said it expects a "reasonable outcome" for its financial year despite its interim profit halving, but r...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.