Insurer Allianz to cut 650 UK jobs June 18, 2025 German insurance giant Allianz has informed its UK staff that 650 jobs will be cut across several lines of its business
UK’s largest fibre glass factory to close as rescue talks collapse June 18, 2025 The government’s industrial strategy was at risk of smashing into pieces after it emerged the country’s largest fibre glass factory is set to close. The Japanese owners of Electric Glass Fiber UK’s factory in Wigan, near Manchester, which produces materials used in electric cars and wind turbines, decided to close the site at a meeting [...]
Magnet: Hundreds of jobs lost as kitchen maker closes more stores June 18, 2025 More than 300 jobs have been lost at the company behind kitchen maker Magnet as it continues its fight to return to profit. Nobia Holdings UK has been attempting to turn itself around since 2019 when it last made a pre-tax profit. Since then its transformation plan has seen hundreds of jobs lost and stores across [...]
Dignity: Funerals giant returns to profit after ditching London and shedding hundreds of jobs June 12, 2025 Funerals giant Dignity retuned to profit in its first full year since ditching the London Stock Exchange as it shed hundreds of jobs. The Sutton Coldfield-headquartered group delisted in May 2023 after it accepted a £281m cash offer to sell itself to a group of investors in January. Dignity was established in 1994 and listed on the [...]
Happy Valley maker shut down by owner StudioCanal June 4, 2025 The maker of TV hits such as Happy Valley and It’s a Sin has been shut down by its owner, StudioCanal. Red Production Company, which is headquartered in Manchester, has closed with the loss of around ten jobs. Included in the departures was chief executive Patrick Schweitzer who left the business last week. Schweitzer had [...]
Avison Young loses over £100m for a second year as more jobs cut May 29, 2025 More than £100m has been lost for a second consecutive year by the UK and European arm of global commercial real estate services firm Avison Young as it continued to cut jobs, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2024, having posted the same total for 2023. [...]
Future of UK Nissan factory uncertain amid global plant closures May 13, 2025 Nissan is addressing the future of its Sunderland factory after confirming plans to slash 20,000 jobs worldwide and cease operations at nearly half of its production facilities. The Japanese carmaker on Tuesday said it would consolidate its vehicle production plants from 17 to 10 by fiscal year 2027. Nissan currently employs around 6,000 workers at [...]
Harbour Energy to axe 250 jobs as it slams Rachel Reeves May 7, 2025 Harbour Energy has slammed the government’s “punitive fiscal position” as it announced plans to cut 250 jobs in Aberdeen. The London-listed company, which is the largest oil and gas producer in the North Sea, blamed the Energy Profits Levy and a challenging regulatory environment for the decision. It also noted delays in the ramp-up of [...]
Gymshark puts 300 jobs at risk despite record sales April 30, 2025 Gymshark has put almost 300 jobs at risk despite reporting record sales for its latest financial year this week. The Solihull-headquartered company, which was co-founded by self-made billionaire Ben Francis, has entered into a consultation with 296 employees, almost a third of the total workforce. The news, first reported by Drapers, came on the same [...]
Technicolor: Visual effects studio owed over £100m ahead of collapse April 28, 2025 More than £100m was owed by Technicolor, the visual effects company which worked on films ranging from Disney’s 1940 Pinocchio to 2024’s Mufasa The Lion King when it collapsed into administration in the UK, it has been revealed. Interpath was appointed to oversee the process at the business in February in a move which also [...]