Peloton loses almost £100m as UK arm sheds hundreds of jobs August 12, 2024 The UK arm of Peloton lost almost £100m and shed hundreds of jobs, it has been revealed. The London-headquartered division has posted a pre-tax loss of £98.1m for the 12 months to June 30, 2023, according to newly-filed accounts with Companies House. Peloton previously posted a pre-tax loss of £173.7m for its prior financial year. [...]
Britain’s paltry paternity leave is yet another thing pricing out parenthood August 10, 2024 Two weeks of paternity leave places Britain firmly near the bottom of fatherly league tables. It’s time to extend it, writes Cameron Smith After months of nervous anticipation for your first child’s arrival, the best-laid plans often go awry. As a new dad, you’ll listen closely to the birth plan your partner carefully arranges with [...]
Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed August 6, 2024 Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered chain has posted a revenue of £4.2bn for the year to March 29, 2024, up from the £3.9bn it reported during the prior 12 months. [...]
Life after prison: Battling homelessness and unemployment July 25, 2024 “People do come out of prison, that’s the whole point. So what’s next?” Lucy Kenningham speaks to ex-offender Jason Barnfather
Labour’s growth push continues with ‘fundamental’ welfare reform promised July 23, 2024 Liz Kendall, the work and pensions secretary, said that her department would become “a genuine department for work” as the new government attempts to tackle the rise in economic inactivity. “DWP has focused almost entirely on the benefits system, and specifically on implementing Universal Credit,” she said in a speech in Barnsley. “Nowhere near enough [...]
BBC to cut hundreds more jobs over next two years July 23, 2024 The BBC has announced plans to make a net reduction of 500 full-time roles over the next two years as it continues its move outside of London.
King’s Speech: Starmer to ‘level up’ workers’ rights with employment reforms July 17, 2024 Sir Keir Starmer has pledged to “level up workers’ rights” via a series of employment reforms included in the King’s Speech.
Tata: Unite suspends overtime ban and all-out strike at steel giant July 1, 2024 Unite has suspended an overtime ban and a planned all out strike at steel giant Tata over job losses, the union announced.
UK households would be £4,300 richer per year if pay growth had matched Germany and the US June 25, 2024 Households would be £4,300 a year better off if pay growth in the UK had matched average wages in Germany and the US since 2010, according to a new study.
Recruitment firm SThree posts drop in fees as tech giants slash jobs June 18, 2024 London-listed recruitment firm SThree has posted a drop in fees amid a "challenging backdrop" and mass global layoffs across the technology industry.