UK retail job losses: Fastest cuts since 2009, says CBI - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

UK retail jobs have nearly halved over the past year, as job cuts reach their highest rate since 2009

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.UK employment in the retail sector is at just 55% of its August 2019 levels, according to the CBI. Jobs are being cut at their fastest rate since 2009 — and more pain is to come.But visitors are gradually returning to UK high streets and shopping centres, and retail sales are starting to rebound.

The drop in retail employment in the UK comes despite the government's Coronavirus Job Retention Scheme, which allows companies to temporarily lay off their staff with 80% of wages, claiming back the money from the government. to meet demand in online sales. It is expected that many of these jobs will be offered to temporary workers Tesco took on at the beginning of the pandemic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the $415,000-a-month Hamptons cottage where Rihanna vacationed this summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is inside the house made with gold? Snore.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Warren Buffett's $87 billion Apple gain exceeds market cap in 2009 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. He loves all those expensive items made with cheap labor. This is why he’s a globalist too My role model When he Will sell ?
Source: BusinessInsider - 🏆 729. / 51 Read more »

UK delaying Zaghari-Ratcliffe efforts to satisfy Trump, lawyers say - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. How this reads to me: UK standing up to terrorists because they are afraid of angering Trump, who does not tolerate terrorism. Did you want your podcast to reach millions of active listeners or audience which will increase your subscribers and permanent downloads?.Have you checked out the best way to get your podcast viral and make it live?. Check out now for the best strategies
Source: BusinessInsider - 🏆 729. / 51 Read more »

Palantir says activist criticism could hurt its business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Keep an eye on anti-ICE people. They are the same ones who will riot when the time comes. Peter Thiel will profit nicely. I have an idea let’s go public ASAP. Good thing he’s such a Trump guy. Put that in the risk disclosure. Come Nov that may be a big negative. Cash out now Pete. $PLTR palantir Palantir Technologies files for direct listing IPO on NYSE No new capital raised, $1.5B in cash, $297.6B in debt $481.2mm in H1'20 revenue 1.6B shares to be outstanding as converted Company says it depends on $AMZN and $MSFT …
Source: BusinessInsider - 🏆 729. / 51 Read more »

Palantir says its business depends on Microsoft and Amazon's clouds - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »