And jet engine-maker Rolls-Royce is cutting 9,000 jobs, mainly in the UK. The furlough scheme is working in suppressing unemployment and protecting livelihoods so far, the real test of its functioning is what happens now. And Birmingham, where the rate is also one in eleven. job cuts - latest news, breaking stories and comment - Evening Standard Login Register Logout UK News Property Transport Motors World News Viral news Feed a Family Sponsored articles Find news for your town Rolls-Royce factory workers reach deal after strike action over job cuts Examples include: Bosses in sectors such as car making, aviation and hospitality have warned there could be many further cuts without additional government support. At the same time, it says there are eight unemployed people are chasing every job vacancy in the UK - up from just two before the crisis. News. UK News. The number of workers on UK payrolls dived more than 600,000 by May compared to before lockdown, official figures suggest. 0 comment. Britain's economy is likely to slump by 11.5% in 2020, slightly outstripping falls in countries such as Germany, France, Spain and Italy, the Organisation for Economic Co-operation and Development has warned. At least nine universities in the UK have announced plans for staff job cuts to save money, in moves branded as “insensitive” and “despicable” by academics struggling to support students through the difficulties of the COVID pandemic, writes Anna Fazackerley for The Guardian. Video'Mosul is healing': Rebuilding the historic city, French skiers swerve Covid in cross-country boom. The test of it will be whether those jobs remain as the taxpayer wage support is eased away. British Airways, which expects to cut 12,000 jobs, BP, which is slashing 10,000 jobs worldwide. A swathe of businesses have announced job cuts as the economy has contracted sharply due to the pandemic, opting not to furlough those workers instead. walesonline. The news comes as part of a wider company reshaping. 'Mosul is healing': Rebuilding the historic city. The coronavirus pandemic has had a devastating impact on UK jobs and the economy. "Some of this will surely start to filter through into the actual unemployment figures as the government's job furlough scheme is wound down from August. ", Tej Parikh, chief economist at the Institute of Directors, agreed: "The furlough scheme continues to hold off the bulk of job losses, but unemployment is likely to surge in the months ahead.". The number of people claiming work-related benefits, which includes the unemployed, was up 126% to 2.8 million. The Financial Times (FT) of London has reported at least 500 staff have already left Reed Exhibitions or will be gone by the end of the year. Wetherspoon job cuts: Tim Martin announces 450 of chain's 1,000 jobs at UK airports to go JD WETHERSPOON has announced 400-450 jobs will now be cut from chains in the UK… Read about our approach to external linking. Staff at John Lewis Partnership’s head office are set to learn their fate as the retail group pushes ahead with plans to axe around 1,500 jobs in a bid to drastically cut costs. Weekly quiz: Know about these history-making directors? But economists say the full effect on employment will not be felt until wage support schemes end in October. UK News. In total, 106,319 UK job cuts are the direct or indirect result of the pandemic. That is three times greater than the decline seen during the whole of the 2008 to 2009 economic downturn. ", âIâve applied for more than 100 jobsâ, Bank of England 'ready to act' as economy reels, More than a quarter of UK workers now furloughed, Sunak: No guarantee of quick economic bounceback, Russia expels diplomats over Navalny protests. The pace of cuts is picking up as the Government's furlough scheme, which has been used by 1.1million employers to protect 9.3million workers, draws to a close (Image: Getty Images) Read More The company is expected to try to minimise compulsory redundancies. UK job cuts Blogs, Comments and Archive News on Economictimes.com But including HSBC’s 35,000 redundancies planned before coronavirus struck, the total is closer to 150,000. The Treasury also said there had been 2.6 million claims for support grants from the self-employed. Staff at John Lewis Partnership’s head office are set to learn their fate as the retail group pushes ahead with plans to axe around 1,500 jobs in a bid to drastically cut costs. Yael Selfin, chief economist at KPMG UK, warned that many businesses were expected to bring only part of their furloughed workforce back, while they sought to tentatively reopen after the lockdown. Frances O'Grady, secretary general of the Trades Union Congress, said the labour market was "on red alert". Sound of Music star Christopher Plummer dies at 91, Myanmar teachers join growing anti-coup protests, The voter fraud claims that led to a coup, What Biden's foreign policy 'reset' really means, 'Mosul is healing': Rebuilding the historic city. Overall, the official UK unemployment rate for the three months to April held steady at 3.9% as the massive state wage support in place stopped job losses. Latest London news, business, sport, showbiz and entertainment from the London Evening Standard. "It's clear too that this crisis is hitting many poorer areas hardest - with coastal towns and ex-industrial areas seeing particularly big increases in unemployment," said director Tony Wilson. The picture it builds is different to the headline employment figure but perhaps not surprising: Serious pressure on jobs during lockdown. However, the agency said that early estimates from the Pay As You Earn (PAYE) system showed that the number of payroll employees fell by 612,000, or 2.1% in May compared to March, when lockdown was implemented. The Institute of Employment Studies (IES), an apolitical think tank, pointed out that the number of claims for work benefits had risen 1.6 million since March - a rate faster, it says, than during the Great Depression of 1929. walesonline. Sound of Music star Christopher Plummer dies at 911, Russia expels diplomats over Navalny protests2, Romania baptism death sparks calls for change3, Woman, 95, accused over 10,000 Nazi camp murders4, Actress shares story of 'nightmare' nose surgery6, US congresswoman who supported QAnon loses key post7, Parish council Zoom host 'surprised' by reaction8, BBC team threatened after Boxing and the Mob probe9, What Biden's foreign policy 'reset' really means10. "The slowdown in the economy is now visibly hitting the labour market, especially in terms of hours worked," said Jonathan Athow, deputy national statistician for economic statistics at the Office for National Statistics (ONS).". Kayleigh Rennix has never struggled to find work before. A long-running dispute at a Rolls-Royce factory has been resolved after workers accepted a deal. The Restaurant Group, which owns Frankie and Benny's, which expects to cut up to 3,000 workers. By Press Association 2021 Rolls-Royce job losses. Read about our approach to external linking. "It is starting to show in today's [jobs] figures but our extensive support through the furlough scheme, grants, loans and tax cuts has protected thousands of businesses and millions of jobs. In November it announced it would consult over a proposal to cut up to 1,500 roles. Jobs during lockdown she added to know about jobs job losses or potential redundancies have been announced store.... 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