Aquascutum calls time on Corby factory with the loss of 115 jobs April 19, 2012 AQUASCUTUM, the 160-year old clothing brand which collapsed into administration earlier this week, is to shut its factory in Corby making 115 people redundant. Administrators FRP Advisory, said yesterday that it had concluded the plant in Corby was not viable due to “loss-making operations and a lack of funding.” “Whilst a difficult decision, it has [...]
Aquascutum calls time on Corby factory with the loss of 115 jobs April 19, 2012 AQUASCUTUM, the 160-year old clothing brand which collapsed into administration earlier this week, is to shut its factory in Corby making 115 people redundant. Administrators FRP Advisory, said yesterday that it had concluded the plant in Corby was not viable due to “loss-making operations and a lack of funding.” “Whilst a difficult decision, it has [...]
Union calls off Stansted strike April 3, 2012 Baggage handlers at Stansted Airport have called off a strike planned for Good Friday, officials confirmed yesterday. Swissport and the joint trade unions, GMB and Unite, said the strike had been suspended following talks in London, adding that talks would continue later this month.
Hands promises not to rock the boat at £825m Four Seasons April 30, 2012 GUY Hands’ private equity house has sealed a long-awaited deal to buy Four Seasons Health Care in a deal worth £825m. Terra Firma will take a large majority stake in the market leading care home operator, which has around 24,000 beds. Four Seasons had been trading profitably but needed to refinance its £780m of debt [...]
Stansted baggage handlers set to strike over Easter weekend March 29, 2012 PASSENGERS using Stansted airport may face travel chaos over the Easter period after baggage handlers voted to press ahead with strike action next weekend. Around 150 employees of Swissport – who provide luggage services to airlines including Ryanair, Monarch and Thomas Cook – are set to strike for four hours on Good Friday, Easter Sunday and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 21, 2012 FINANCIAL TIMES OSBORNE URGED TO CUT TAXES ON BUSINESS George Osborne has come under renewed pressure from the Conservative right to cut business taxes and simplify labour laws in next month’s Budget. Liam Fox, the former defence secretary, called for urgent action to deal with the “true horror” of the government’s economic inheritance. PANDORA PLUNGES [...]
Reform of pensions may be insufficient, warns Lord Hutton December 4, 2011 THE government could have to make further cuts to public sector pensions because the outlook for the British economy has worsened, Lord Hutton, the former Labour minister, warned yesterday. Hutton, who was work and pensions secretary in Gordon Brown’s government, said the calculations contained in his recently-published review of public sector pensions now appeared “too [...]
Hopes rise of end to bitter pensions row December 19, 2011 NHS workers last night moved closer to a deal on controversial pension reforms despite some civil servants and teachers rejecting the coalition’s “final” offer. A union source said an agreement in principle covering at least 450,000 health workers had been hammered out with government officials. More talks are due to take place over local government [...]
Treasury ends pension talks December 20, 2011 THE GOVERNMENT has raised the pressure on public sector unions by drafting new laws on pensions before the outcome of talks has become clear. Danny Alexander, chief secretary to the Treasury, yesterday said he was already preparing legislation to be introduced in 2012. Union leaders and members will study the details of coalition proposals and [...]
Demand for new laws to defeat unions November 30, 2011 THE coalition is under pressure to introduce new curbs on industrial action as fears grow that union bosses will call a series of winter strikes despite winning the backing of only a minority of members. Dominic Raab, a prominent Tory backbencher, told City A.M. there was an “overwhelming” case for extra “safeguards” after a day [...]