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Rishi Sunak hinted that tax rises could be delayed to save jobs today as it emerged firms have already made plans to lay off 500,000 people during the coronavirus crisis. After using his Tory conference speech to warn hikes will be needed, the Chancellor insisted his ‘focus at the moment’ was on propping up the … Read more
Hospitality businesses in last ditch plea as brutal layoffs begin: Chancellor’s jobs scheme ‘no use to hospitality’ By Harriet Dennys, Financial Mail On Sunday Published: 21:51 BST, 26 September 2020 | Updated: 21:51 BST, 26 September 2020 Hospitality businesses will start making thousands of job cuts from tomorrow, The Mail on Sunday can reveal. Pub … Read more
Australians were furious when Channel 10’s left-leaning current affairs show The Project survived the network’s brutal round of job cuts this week. But there’s a reason why the struggling program – hosted by Waleed Aly, Carrie Bickmore and Peter Helliar – will never be axed, despite its low ratings. Daily Mail Australia understands The Project … Read more
Reese Witherspoon’s $6M payday for narrating Quibi show angers staffers following layoffs at the struggling streaming network By Caitlyn Becker For Dailymail.com Published: 17:40 BST, 3 June 2020 | Updated: 17:40 BST, 3 June 2020 Reese Witherspoon reportedly took home a multi-million dollar payday for lending her voice to narrate a Quibi series. Staffers at … Read more
One in four companies say they will be not be able to pay a fifth or more of full-time workers’ salaries between August and October and would have to lay off employees, a poll has found. Research by the Institute of Directors revealed today shows that firms are worried about being able to keep staff … Read more
Boeing to offer voluntary layoffs to employees amid coronavirus fallout with offers being made as soon as today Boeing has some 150,000 employees worldwide with nearly half in Seattle area The coronavirus pandemic has compounded the crisis over the grounding of Boeing’s 737 MAX following two fatal crashes that killed 346 people The company calls … Read more
Chancellor Rishi Sunak effectively signed a blank cheque tonight as he unveiled a huge new coronavirus bailout to cover the wages of millions of people and stop firms going bankrupt. He said the government will cover 80 per cent of salaries up to a ceiling £2,500 a month – equivalent to the UK average wage … Read more
Chancellor Rishi Sunak told Britons they will not face the coronavirus crisis ‘alone’ tonight as he unveiled a huge new coronavirus bailout. He said the government will cover 80 per cent of salaries up to £2,500 a month, with workers staying on the books of employers, and there will be no limit on the total … Read more