Redundancy
This coverage examines redundancy trends and announcements within the UK retail sector, focusing on their impact on business operations, workforce planning, and organisational strategy. Reports include company-specific redundancy decisions, sector-wide employment trends, executive statements, and strategic responses — providing retail professionals with context to navigate workforce challenges and make informed operational decisions.
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Jul- 2020 -20 JulyCoronavirus
‘Hundreds’ of jobs to be axed at M&S
Marks and Spencer is expected to announce a raft of job cuts this week, becoming the latest high street casualty in the wake of Covid-19. According to Sky News, the retailer will unveil its widespread redundancy plan “within days”, with hundreds of jobs expected to be axed. It comes as…
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3 JulyPeople Moves
Shoe Zone appoints Peter Foot as finance director
Shoe Zone has announced the appointment of Peter Foot as finance director, effective 6 July 2020. Foot will replace Jonathan Fearn whose resignation has been accepted with effect from 31 July 2020. It is intended that Foot will be appointed to the board of Shoe Zone subject to the completion…
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Jun- 2020 -23 JuneCoronavirus
Shoe Zone to make redundancies as 20 shops close
Footwear retailer Shoe Zone has revealed that 20 of its stores will not open post-lockdown, resulting in a number of its staff being made redundant. The news comes after the company reported a loss of £2.5m for the 26 weeks to 4 April 2020, compared with a profit of £1m…
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10 JuneClothing & Shoes
Quiz places loss-making stores into administration
Quiz has revealed it is placing the division that runs some of its loss-making stores into administration. Quiz said that in order to “protect the future” of the company it has decided to appoint joint administrators from KPMG to the group’s 82 standalone stores in the United Kingdom and the…
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Apr- 2020 -30 AprilCoronavirus
Oasis and Warehouse stores closed ‘indefinitely’, 1,800 jobs lost
Over 1,800 employees at fashion retailers Oasis and Warehouse are set to be made redundant after administrators failed to find a new buyer for the retailers. The fashion brands have now been sold to Hilco, a restructuring firm and former owner of HMV. Whilst Hilco agreed to buy the retailer’s…
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28 AprilComment
Furlough – what next?
The Government’s Job Retention Scheme was set up urgently to support employers and protect employees during lockdown. Such state intervention, unprecedented in the UK, is designed to facilitate a quick rebound of the economy once business activity resumes. But as the crisis drags on, the lockdown has already been extended…
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22 AprilCoronavirus Featured Content
The importance of strategic and empathetic furloughing
We’re hoping that we’re not going to have to furlough. We’re very fortunate in that we are still doing a lot of orders. However, the current uncertainty means that could all change overnight. To that end we’ve got a plan in place. We hope we don’t have to use it…
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9 AprilCoronavirus Featured Content
Coronavirus: furloughed workers and what it means for business
The Coronavirus Job Retention Scheme is designed to help businesses that would otherwise be forced to lay off staff in the face of the unprecedented disruption caused by COVID-19. All businesses with a PAYE scheme in place on 28 February 2020, regardless of size or sector, will be able to…
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Mar- 2020 -30 MarchComment
What are your legal rights if your job has been affected by COVID-19?
Ever since the coronavirus outbreak gathered speed, life in the UK has largely been put on hold. From staff being unable to work due to self-isolation, to workers needing to stay at home to care for their children after schools were ordered to close, the impact on many businesses and…
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24 MarchBusiness Bites
The furloughs and loans are useless to small businesses
The small business community has been watching with great hope to see if the government will introduce measures that are useful for them to survive this period. Alas, those announced are absolutely useless for small companies, which make up an extremely significant portion of the UK economy. Coronavirus Business Interruption…
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