job losses

Barclays to shed 7,000 UK jobs - while it boosts bonuses

Tue, 11/02/2014 - 12:59 -- nick

Barclays Bank is to shed 7,000 UK workers even as it is increasing the bonuses it pays.

The bank, which employs 140,000 worldwide, raised its total bonus pot by 10% in 2013 to £2.38 billion, while upping those in its 'casino' investment arm by 13%.

The company saw pre-tax profit fall from £7 billion to £5.3 billion in the year, and has decided that regular workers will bear the majority of pain for this.

Only 820 jobs will be lost from senior management.

Lancashire County Council to cut 2,500 jobs

Wed, 15/01/2014 - 13:22 -- nick

Lancashire County Council is to cut 2,500 jobs by 2016 as the coalition government's cuts bite hard.

The Council hopes to carry out the majority of cuts through voluntary redundancy, although these are likely to include reduced terms as money saving is prioritised.

The job reductions will be full-time equivalent posts, meaning the number actually affected is likely to be higher as part-time workers also lose their jobs.

NPower dumps 1,460 staff as it sends UK jobs offshore

Thu, 28/11/2013 - 11:53 -- nick

Gas and electricity giant NPower is to make 1,460 staff redundant, it has confirmed.

The German-owned company, one of the 'big six' electricity and gas suppliers in the UK, will cut jobs including checking meter readings against bills.

Chief executive Paul Massara said: "This restructure is necessary if we are to deliver the levels of service our customers deserve."

It is not clear how service quality will be improved by sending these functions offshore, but the company will now use staff in India to deliver them.

NPower currently employs 9,600 people in the UK.

More jobs lost as tube and council dump hundreds

Thu, 21/11/2013 - 18:11 -- nick

Today was a bleak day for UK jobs as three major employers announced the loss of thousands of posts.

London Underground plans to dump 750 workers as it will shut all its ticket offices by 2015.

This came despite an earlier promise by London Mayor Boris Johnson that he planned to keep all offices open to help passengers feel safer.

Services on some lines will run all night at weekends, meaning safety may become more of an issue.

This was highlighted by RMT General Secretary Bob Crow, who said:

50,000 disabled people could lose jobs over benefit changes

Fri, 15/11/2013 - 13:42 -- nick

More than 50,000 disabled people could lose their jobs as a result of benefit changes - and this could cost the country hundreds of millions of pounds.

The government is planning reductions in disability mobility payments, and many people use these to get them to and from work.

One in, one out - Nestle adds 1,900 UK jobs as Barclays axes 1,700

Fri, 15/11/2013 - 13:18 -- nick

Food giant Nestle is to create 1,900 jobs and paid work experience opportunities for young people in the UK.

The scheme is part of a Europe-wide commitment to support youngsters, and comes after a Nestle survey showed a lack of decent work placements was holding them back.

Fiona Kendrick, Nestle chief executive, said: “Sadly, young people in the UK and Ireland are stuck in a catch-22 situation - they can’t get a job without experience, but can’t get experience without a job.”

500 jobs to go at Tata Steel

Tue, 29/10/2013 - 12:04 -- nick

Indian steel giant Tata is to cut 500 jobs in the UK, it has announced.

The company blames low building rates in Britain since the recession.

340 jobs could be cut in Scunthorpe, 90 in Workington and 40 in Teesside, and are expected to affect managers and administrators rather than steelworkers.

Tata Steel's European Chief Executive, Karl Koehler said: "European steel demand this year is expected to be only two-thirds of pre-crisis levels after falls in the past two years.

Grangemouth petrochemical works to close - more than 800 jobs lost

Wed, 23/10/2013 - 12:30 -- nick

The Grangemouth petrochemical works near Falkirk is to close down with the loss of more than 800 jobs.

The refinery, owned by Ineos, is the largest industrial site in Scotland, and produces most of the fuel for Scotland, the north of England and Northern Ireland.

In addition to the direct workers, the site employs sub-contractors, meaning the final toll of job losses may be more than 1,000.

Employees were told at a meeting this morning and called the decision "shocking".

Direct Line to cut 2,000 jobs

Wed, 26/06/2013 - 10:08 -- nick

Insurer Direct Line is to shed 2,000 jobs in the UK as part of a cost cutting exercise.

The losses will come on top of the 1,200 already cut since it separated from previous parent Royal Bank of Scotland as part of the struggling bank's state rescue.

The company currently employs 14,400 staff across the UK, including at sites in London, Croydon, Bromley, Leeds, Glasgow and Manchester.

Its Teeside call centre was already slated for closure and this will go ahead next week.

Councils have cut nearly half-a-million workers during recession

Tue, 25/06/2013 - 13:20 -- nick

Councils in the UK have lost 416,000 jobs since the beginning of the government's austerity programme.

Zurich Municipal, the public sector insurers, also warns that less than half the likely total has been lost to date, with around 900,000 slated for unemployment by 2017.

This would represent 16% of all local government employees.

Many councils have moved into sharing services as a way of cutting costs, with at least 337 co-operating on 325 services.

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