Job losses

Npower to cut 900 jobs as it predicts marked financial losses for 2019 | Business – Business Article

Npower, one of big six energy firms, is to cut 900 jobs, as the company warned it would make significant financial losses this year. The German-owned supplier blamed the cuts, about 15% of its UK workforce, on the government’s price cap on default tariffs and “intense competition” in sector over fixed deals. Npower said about 900 roles would go over the coming year and that it would consult staff over the next month. The company’s chief executive hit out at…

Read More

Thousands of Tesco jobs at risk as bosses look to axe fresh food counters | Business – Business Article

Tesco is embarking on a fresh round of aggressive cost-cutting in its UK supermarket business that could eliminate thousands of jobs and its in-store deli counters. The latest plan reportedly involves the closure of meat, fish and delicatessen counters as well as downgrading in-store bakeries. Staff canteens are also to be replaced with vending machines, according to the Mail on Sunday, with suggestions of up to 15,000 jobs at risk. The cuts are part of a plan to slash £1.5bn…

Read More