Offshore oil and gas workers balloted on North Sea strike action October 2, 2018 Offshore oil and gas workers are being balloted over strike action in the North Sea. GMB members working under the Offshore Contractors Association (OCA) agreement have called for a 4 per cent increase in basic pay and allowances. Workers are being balloted on whether they would support industrial strike action and action short of strike [...]
UK firms cut more than 106,000 jobs amid coronavirus pandemic August 19, 2020 The coronavirus pandemic has battered the UK economy since it arrived in early 2020 – and no sector has remained unscathed, with more than 100,000 job cuts planned during the pandemic. The government’s furlough scheme has allowed millions of people to keep getting a paycheck, but fears are growing that when this is phased out [...]
Bombardier announces plan to sell 4,000-job Northern Ireland business on morning of local council elections May 2, 2019 Canadian aircraft manufacturer Bombardier is gearing up to sell its Belfast business, it revealed this morning. Read more: Bombardier slashes hundreds of Belfast jobs The firm, which employs about 4,000 people in Northern Ireland, said it will consolidate its aerospace assets into one division focusing on its operations in the US, Canada and Mexico, and [...]
Bombardier announces plan to sell 4,000-job Northern Ireland business on morning of local council elections May 2, 2019 Canadian aircraft manufacturer Bombardier is gearing up to sell its Belfast business, it revealed this morning. Read more: Bombardier slashes hundreds of Belfast jobs The firm, which employs about 4,000 people in Northern Ireland, said it will consolidate its aerospace assets into one division focusing on its operations in the US, Canada and Mexico, and [...]
Asda considers up to 2,500 job cuts as CMA probes Sainsbury’s merger October 26, 2018 Asda has said that it will begin consultations with staff over changes that could lead to a reported loss of up to 2,500 jobs next year. The news, first reported by the Press Association, comes as the Competition and Markets Authority (CMA) conducts a second stage investigation into the proposed takeover of the supermarket by [...]
Defence giant Babcock lays off 150 people at Scotland shipbuilding yard February 7, 2019 Shipbuilder Babcock has announced a further 150 job losses at its shipyard in Rosyth, where work continues on the second of two aircraft carriers for the Royal Navy. The firm’s shares were down 3.52 per cent on the news, which adds to a miserable last few months for investors in the defence contracting giant. Read [...]
British Steel falls into insolvency after government bailout talks fail, in ‘devastating’ blow for 5,000 workers May 22, 2019 British Steel has collapsed into insolvency after the last week of attempts to lobby the government for a £75m cash injection failed. Read more: Troubled British Steel braces for insolvency in last-ditch loan talks The industrial giant – which employs 5,000 people – has been asking the government for an emergency loan designed to save [...]
Npower to dismiss nearly 15 per cent of its UK workforce as energy market bites January 31, 2019 British energy provider Npower has said it will cut almost 15 per cent of its UK workforce, as part of an initiative to reduce its operating costs. The company said the reductions would affect around 900 roles out of its 6,300 employees over the course of this year. It added that most of this number [...]
Beefeaters strike at London landmarks over pension dispute December 21, 2018 Staff from Hampton Court palace, Kensington Palace and the Tower of London today staged a walk-out over changes to their pension scheme. Workers formed picket lines at the famous tourist sites in the first of a series of strikes organised by the GMB Union and Public and Commercial Services union (PCS). The strikes follow an [...]
Interserve share price plummets as it admits rescue refinancing plan December 10, 2018 Interserve's shares more than halved today after the outsourcer confirmed it was in rescue refinancing talks with lenders as it battles a £650m debt pile. The embattled public sector outsourcing giant admitted at the weekend it was “engaged in constructive discussions regarding the agreement and implementation of a deleveraging plan”, causing a 53 per cent [...]