Heathrow Airport outlines pay cuts as it warns of job losses September 3, 2020 Heathrow Airport has opened talks with unions over a round of pay cuts that will affect roughly half of its 4,700 frontline workers. As a result of the coronavirus pandemic, the UK’s largest airport has lost over £1bn since March, and is now looking to make pay cuts of 15 to 20 per cent. If [...]
City workers slowly beginning to return to office after lockdown September 2, 2020 Commuters are slowly starting to return to London’s business districts after the coronavirus lockdowns, new data from Transport for London has shown. As of last Friday, 17,852 passengers entered and exited Bank tube station in the City, ten times more than the 1,800 who did so at the height of the pandemic. The figure is [...]
Boris Johnson confirms rail industry working on flexible season tickets September 2, 2020 Boris Johnson today said that the government was working with the rail industry on flexible season tickets to encourage commuters to return to the office. Speaking at Prime Minister’s Questions today, Johnson said: “We are working at pace with rail companies to try to deliver new products in terms of ticketing to ensure not just [...]
Travel sector pleads for government support to stave off sweeping job cuts September 2, 2020 Leading figures from across the UK travel industry have come together in an urgent plea for government support to help stave off hundreds of thousands of potential job cuts. In an open letter to chancellor Rishi Sunak and transport secretary Grant Shapps, which has now been signed by over 10,000 people, the “Save Travel” campaign [...]
Rolls-Royce sales rebound as luxury car firm commits to UK September 2, 2020 The boss of luxury car maker Rolls-Royce today said that the company was committed to a future in the UK, adding that demand for the firm’s vehicles has come back after the coronavirus lockdown. Speaking with Reuters as Rolls-Royce launched a new £250,000 car, Torsten Muller-Otvos described the firm as one of the “crown jewels” [...]
Virgin Atlantic £1.2bn rescue package gets court approval September 2, 2020 Virgin Atlantic’s £1.2bn bailout deal was approved in the High Court this morning, all but sealing the struggling carrier’s survival after months of turbulence caused by coronavirus. The bailout deal was given the backing of an overwhelming majority of Virgin’s creditors last week, with a court sanction needed for the deal to go ahead. Judge [...]
Coach industry warns 27,000 jobs on the line without government support September 2, 2020 Up to 27,000 jobs could be lost in the UK coach industry by April 2021 unless ministers provide extra support, an sector body has warned. In a letter to tourism minister Nigel Huddleston, the Confederation of Passenger Transport has warned that with bookings not expected to pick up until next summer, the UK’s coach firms [...]
Ryanair passenger numbers down 50 per cent amid quarantine chaos September 2, 2020 Budget carrier Ryanair flew 7m passengers last month, nearly half the number it carried in August last year, as demand for air travel continued to grow despite the UK’s quarantine regime. Operating 60 per cent of its normal schedule for the month, the airline said the number of passengers was 53 per cent below last [...]
Domino’s appoints permanent finance chief as boardroom shake-up goes on September 2, 2020 Neil Smith has been made the permanent finance chief of takeaway chain Domino’s as the pizza house bolstered its board with a number of new appointments. Smith, who has served as the interim chief financial officer since joining in April, replaces David Bauernfeind, who died in a snorkelling accident last year. Prior to joining the [...]
Unilever to remove all fossil fuels from cleaning products by 2030 September 2, 2020 Consumer goods giant Unilever has today announced that it will remove all fossil fuels from its cleaning products by 2030 as part of a €1bn global investment programme. The Anglo-Dutch firm, which has seen demand for its products jump in recent months due to heightened health concerns brought on by the coronavirus pandemic, said it [...]
