HSBC and Deloitte have recently rescinded job offers to foreign graduates in the UK, citing the government‘s new stringent visa regulations. This move follows the government’s increase in the salary threshold for skilled worker visas, from £26,200 to £38,700 for general workers, and to £30,960 for individuals under 26. The Financial Times interviewed affected graduates,...
Category: Jobs
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‘More job losses to come’ as UK stuck in ‘painful’ place, warns economist – latest updates
Thanks for joining me. Average wages have grown faster than expected in a blow to hopes for interest rate cuts in June. UK average regular earnings growth remained unchanged at 6pc in the three months to March, the Office for National Statistics said, which was higher than the 5.9pc expected by economists. 5 things to...
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Pound To Euro Exchange Rate News, Forecast: GBP/EUR Awaits UK Jobs Data
The Pound Euro (GBP/EUR) exchange rate traded in a wide range for the majority of last week, striking a new two-week low on Wednesday ahead of the Bank of England (BoE)’s interest rate decision. At the time of writing, the GBP/EUR exchange rate traded at around €1.1622, virtually unchanged from Friday’s opening levels. The Pound...
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Welsh FM urges Tata Steel to wait for Labour government before cutting jobs
The First Minister of Wales has pleaded for Tata Steel to wait for a Labour government before shutting off its blast furnaces and making thousands of job cuts. Following seven months of discussions with unions, Tata revealed last month it is proceeding with plans to shut down two blast furnaces and invest £1.25 billion in an electric...
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TSB to shut 36 branches and cut hundreds of jobs as full list of closures announced
High street bank TSB has announced 250 job losses and the closure of 36 branches. The job cuts will be in the fraud operations department of the bank, central operations and staff who work at the branches earmarked for closure. Trade union Unite said the decision was a “grave mistake” and customers would “undoubtedly suffer...
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TSB axes 36 branches and cuts 250 jobs as union brands latest blow to Britain’s high street a ‘grave mistake’ – is YOUR local bank on the list?
It will cut roles as part of a restructuring from its fraud and central operations Do YOU work at TSB? Get in touch lettice.bromovsky@mailonline.co.uk By Lettice Bromovsky Published: 11:39 BST, 8 May 2024 | Updated: 15:23 BST, 8 May 2024 Banking group TSB has said it is closing 36 branches and cutting 250 jobs across...
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Carpetright to axe over 25% of head office staff
One of Britain’s biggest carpet retailers is axing more than 25% of its head office staff as it grapples with a protracted downturn in trading. Sky News understands that Carpetright, which is privately owned, notified staff on Tuesday morning that roughly 70 jobs would be lost as part of a cost-cutting process. The redundancies will...
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Interest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise
Thanks for joining me. Hong Kong led another rally across Asian markets thanks to a surge in tech giants, putting it on course for its strongest run since 2018. The Hang Seng was the standout performer overnight thanks to buying of heavyweights including Alibaba and JD.com. 5 things to start your day 1) Apple suffers...
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Port Talbot: Tata plans could cost thousands more jobs – report
1 May 2024 Huw Thomas,BBC Wales business correspondent Reuters The report warns that thousands of jobs beyond the Port Talbot works are at risk Tata Steel’s restructure could cost thousands more jobs in the community surrounding the Port Talbot works unless action is taken, a report has warned. A confidential economic assessment, seen by BBC...
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Thousands of jobs at risk as British Steel make major move to shut blast furnace
Thousands of jobs could be at risk after councillors approved planning permission for an electric arc furnace at British Steel in Scunthorpe. The move, which could reduce the UK’s ability to produce virgin steel, was made by North Lincolnshire Council earlier this week. This was in response to plans by British Steel to swap out...
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Premier Inn owner Whitbread to cut 1,500 jobs
Premier Inn owner Whitbread is to cut 1,500 jobs as it closes restaurants and expands its hotel business. It plans to cut its number of branded restaurants by more than 200 in favour of building more hotel rooms. The job cuts, which are subject to consultation, will come from a total UK workforce of 37,000...
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Family favourite pub chain to close more than 200 locations and axe 1,500 jobs
A FAMILY favourite pub chain is to close more than 200 locations and axe 1,500 jobs. Whitbread plans to slash its chain of branded restaurants across the UK in favour of building more hotel rooms. 3 Premier Inn owner Whitbread is to close more than 200 locations across the UK The hotel and restaurant company...