12th Nov 2020 06:55
(Alliance News) -Â Whitbread PLC is set to make fewer job cuts than first proposed, The Times reported on Thursday, lifting hopes that an extension of the UK government's furlough scheme and recent vaccine hopes could help the beleaguered hospitality industry.
Whitbread could more than halve the 6,000 job losses announced in September, The Times reported.
A consultation process ends on Friday and the Premier Inn hotel chain owner is expected to tell staff that a "significant number" of the job cuts will no longer be needed, the newspaper said.
https://www.thetimes.co.uk/article/whitbread-to-row-back-on-job-cuts-hdg60j9dk
Whitbread back in September said it had decided to enter into consultation on proposals that could result in up to 6,000 redundancies across its hotel and restaurant staff - representing 18% of the total workforce - with market demand expected to remain at "lower levels" in the short to medium-term.
Total sales were "significantly" down year-on-year in the six months ended August 27, due to the closure of the vast majority of hotels and restaurants for a large chunk of that period.
By Lucy Heming;Â [email protected]
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