#job-losses

#job-losses

Car production in the UK has decreased for eight months, raising concerns in the automotive industry amid challenges transitioning to electric vehicles.

Stellantis plans to close Luton factory, risking 1,100 jobs, and shift focus to electric vans at Ellesmere Port.

Lion Electric is entering creditor protection amid significant debt challenges and massive layoffs, raising concerns about its viability.

The UK government's electric vehicle targets face criticism for being unrealistic without additional support, risking jobs and manufacturing appeal.

ENGIE to liquidate EVBox group following substantial financial losses, seeking solutions to minimize social impacts while ensuring reliable execution of the wind-down.

UK job losses are accelerating in the private sector, despite slight economic activity growth, threatening confidence and overall recovery.

UK retailers face inevitable job losses and increased prices due to a £7 billion hit from tax increases,

Labour's tax increases could jeopardize tens of thousands of businesses and lead to significant job losses.

Tata Steel plans to cut 2,500 jobs in Port Talbot; UK government proposes support for green steel transition.

Ted Baker is closing all UK stores, risking over 500 jobs, following the company's administration earlier this year.

Proposed inheritance tax changes threaten family businesses, risking forced sales and job losses, according to Family Business UK.

Tech industry in the Bay Area is stabilizing after years of layoffs, with job losses less severe recently.

2024 has been both a noteworthy year for gaming and a challenging one due to significant job losses across the industry.

It's a challenging time for game developers with job losses due to cost-cutting, but there are also positive breakout successes in the industry.

LL Flooring, after filing for Chapter 11 bankruptcy, is winding down operations and closing all remaining stores due to failed negotiations for a buyer.

Bombay Pantry has closed due to challenging market conditions despite earlier efforts to rescue it through examinership.

Proposed National Insurance increase may lead to significant job losses and store closures in the retail sector.

The UK's hospitality sectors face closures and job losses due to increased national insurance costs.

Royal Mail warns of possible job losses and price rises due to significant financial burdens from Labour’s Autumn Budget hitting their operations hard.

Increased National Insurance will lead to significant job losses and closures in the hospitality sector.

The rise in national insurance contributions may lead to significant job losses and price hikes across UK retailers.

Chancellor's proposed tax hikes may trigger significant job losses and harm economic growth.

Lidl faces tens of millions in extra costs due to tax hikes, signaling potential job losses and higher prices for customers.

Rising healthcare prices lead to job losses and negative impacts on workers.

Over 17,000 UK shops may face closure without urgent business rates reform.

The North Sea industry warns that increasing the windfall tax would severely impact investment, leading to significant job losses and a drop in tax revenues.

Job losses and price hikes are inevitable for UK retailers due to new tax increases amounting to £7 billion.

Job market in Bay Area suffered job losses throughout 2023 before mounting a hiring rebound.

Bay Area economy experienced a 'mini-recession' in 2023 with a significant revision in job numbers.

Multiple news outlets in New Zealand announced closures and job losses, leaving only one state-owned news television service.

Closure of Newshub and programme axing by TVNZ led to around 368 job losses comprising senior journalists, impacting media diversity.

Homebase's Romford store's future is uncertain after administration, with thousands of jobs at risk across the UK.

Harland and Wolff is entering administration, with job losses imminent despite ongoing efforts to support its staff and secure future operations.

ISG's collapse leads to over 2,000 job losses and halts several critical government construction projects.

Harland and Wolff has entered administration for the second time in five years, resulting in significant job losses but operational continuity for shipyards.

116 UK Body Shop stores to remain open, 75 to close with 489 jobs lost

The Body Shop hired administrators due to financial challenges and difficult trading environment

The Body Shop plans to close 75 stores in the next six weeks, resulting in the loss of 489 jobs.

Administrators are focusing on restructuring to stabilize the business and ensure a long-term sustainable future for the iconic brand.

Potential closure of 115 Crown Post Office branches threatens 1,000 jobs amidst efforts to achieve financial stability and address community reliance on these services.

The Post Office is undergoing significant restructuring, risking numerous jobs and branches, to address financial losses and competition in the market.

The Post Office could close over 100 branches in the UK, risking thousands of jobs to increase postmaster pay by £250 million.

The rescue deal for TGI Fridays' UK arm saves 51 locations but results in 35 closures and over 1,000 job losses.

A rescue deal for TGI Fridays saves nearly 2,400 jobs, but leads to 1,000 job losses as 35 restaurants permanently close.

TGI Fridays shuts down 35 stores in the UK with 1,012 job losses while saving 51 locations and nearly 2,400 jobs.

British Steel's early closure of blast furnaces may result in 2,500 job losses, impacting the local community severely.

The British government and Tata are investing in greener steel production but will result in significant job losses.

The Port Talbot steelworks in Wales will shut down its blast furnaces, resulting in the loss of up to 2,800 jobs and significant impact on the community.

Tata Steel, the parent company, deemed the trade union's proposals to continue production at the plant unfeasible and unaffordable during the transition to greener steelmaking operations.

Ted Baker is closing all physical stores in the UK and Ireland due to significant financial difficulties, impacting over 500 jobs.

Body Shop closing 75 more shops, 489 job losses

Administrators aim to preserve brand through heavy restructuring.

The Body Shop, known for its distinct scents, is reportedly appointing administrators after being acquired by private equity firm Aurelius Investment.

The move to appoint administrators is typical when a private equity firm needs to make a profit and cut losses in a short period of time.

Hundreds of tech jobs are being cut in the Bay Area, with companies like Ebay, Google, Cruise, Broadcom, Roku, and Bloom Energy announcing layoffs.

Ebay is cutting 9% of its workforce, Google is cutting around half a percent of its workforce, Cruise is laying off 900 employees, Broadcom is laying off 2,837 employees, Roku is cutting an additional 136 jobs, and Bloom Energy is cutting 47 permanent roles and 50 contractors.

The Bay Area has lost 3,400 jobs in July, indicating significant economic strain, particularly in the tech sector.

The Chips Act aimed to bring the semiconductor industry back to the US but has led to failures and job losses.

AI is predicted to lead to job losses in the near future, with a quarter of CEOs planning to cut headcounts due to generative AI.

The rise of AI is expected to affect nearly 40% of jobs globally and worsen overall inequality.

SAP reported €7bn revenue, 8% increase; focusing on AI growth, not extending ECC support; undergoing restructuring with 8,000 job losses.

AI tools in the gaming industry are being touted as a potential solution to rising costs and creative challenges, but workers fear they may lead to job losses.

Layoffs in the gaming industry are already on the rise in 2024, with over 5,600 job losses recorded in just the first month.

Microsoft plans to cut 1,900 roles across its gaming divisions as part of a strategy to align with a sustainable cost structure.