Rolling coverage of the latest economic and financial news, as Whitbread announces thousands of job cuts across its Premier Inns, Beefeater and Brewers Fayre sites
- Whitbread: Cutting 18% of jobs due to ‘subdued’ demand
- Boris Johnson to announces new restrictions today
- More than £50bn knocked off FTSE 100 yesterday
Shares in Whitbread have fallen 3% at the start of trading in London, to the bottom of the FTSE leaderboard.
September and October are traditionally a period when business bookings pick-up after the quiet summer period, however at this point it is too early to assess the impact of COVID-19 on this traditionally busy booking period.
Here’s a round-up of the many UK hospitality firms and retailers who have announced major job cuts since the pandemic began:
Pizza Express – 1,100 jobs
7 September: The restaurant chain confirms the closure of 73 restaurants as part of a rescue restructure deal.