Tag: job losses

Over 800 HSBC Jobs Cut as Birmingham Move Gets Ever Closer

HSBC launches £10 billion lending fund
Posted on 17 May, 2016 by Chris Grigorovsky under Business News, Economy

With HSBC set to make Birmingham the home of its UK retail services, it has since begun laying off 840 of its IT staff. The first phase of restructuring, which aims to cut 8,000 jobs in the UK by the end of 2017, will see Sheffield suffer the most,... Read More

IMI announces closure of Birmingham Factory

Posted on 4 August, 2014 by Kirsten Kennedy under Business News, Economy

With the manufacturing industry being one of the key reasons for economic recovery within the UK, forecasts by economists that growth is due to stagnate in the coming months is somewhat worrying to say the least. Unfortunately, it appears that this slowdown... Read More

Tata Steel to Axe 500 Jobs

Posted on 3 November, 2013 by MOVEHUT under Business News, Economy

Tata Steel is cutting almost 500 jobs blaming a fall in demand across the European construction industry and the burden of green levies. Announcing the cuts, the company and union representatives called on the government to do more to support the steel... Read More

500 Jobs Lost due to Curtains Firm Closure

Posted on 22 August, 2013 by Kirsten Kennedy under Business News

At the height of the recession, a spate of administrations affected both large and small businesses alike, with the high street suffering from the losses of HMV and GAME particularly. Although the economic forecast has picked up somewhat, it is clear that... Read More

Remploy Factory Closures Announced

Posted on 11 July, 2013 by MOVEHUT under Business News

The five remaining Remploy factories in Scotland are to close their doors for the final time, the UK government has announced. The businesses affected by the move are the Marine and Frontline Textile factories at Leven, Dundee, Clydebank, Cowdenbeath... Read More

Job Cuts at Big Four Banks Revealed

Posted on 31 May, 2013 by Kirsten Kennedy under Economy

The financial crisis took a lasting toll on British business, with experts from the retail and leisure industries consistently reporting low consumer confidence as a result of dwindling household incomes. However, the service sector also felt strong... Read More

UK Unemployment Increases in First Quarter

Posted on 19 May, 2013 by Kirsten Kennedy under Economy

Unemployment is once more a hot topic due to a number of high profile companies shedding staff. These redundancies have been especially prevalent in the banking sector and this is perhaps one of the reasons that the unemployment rate in the UK is once more... Read More

Rolls Royce Defence Plant Announces Job Losses

Posted on 27 January, 2013 by Kirsten Kennedy under Economy

Over the past few years, austerity measures and consumer cutbacks have made life difficult for many businesses across the UK. With firms buckling under the financial pressure of surviving through almost four years of recession employers and employees alike... Read More

Dixons Retail Makes Play for Comet Customers

Posted on 3 December, 2012 by Kirsten Kennedy under Business News

As we have previously reported that the collapse of electrical specialists Comet could leave 6,000 staff jobless by Christmas. However, for Comet’s top rivals the closure of so many branches provides an opportunity to expand their customer base. Comet's... Read More

5000 Comet Staff Face Redundancy before Christmas

Posted on 29 November, 2012 by Kirsten Kennedy under Economy

The retail industry is still struggling to recover after several tough years on the high street which saw traditional chains such as Woolworths, the GAME Group and JJB Sports enter administration. Most recently, electrical specialist Comet has been forced to... Read More