Pret A Manger axe 400 jobs close six shops August axed 2,800 workers

Pret A Manger axe 400 jobs close six shops August axed 2,800 workers

10/16/2020

Pret A Manger will cut another 400 jobs and close six more shops two months after sandwich chain axed 2,800 workers

  • In August the coffee and sandwich chain axed 2,800 roles with 30 sites closed 
  • The chain said its recovery slowed in the face of recently tightened restriction
  • Pret’s CEO said the coronavirus pandemic has ‘taken away a decade of growth’ 

Pret A Manger has said it plans to shut six more shops and cut around another 400 jobs after its recovery slowed in the face of recently tightened restrictions and rising case numbers.

In August, the coffee and sandwich chain axed 2,800 roles as part of a restructuring which saw it close 30 sites.

It said it has seen ‘consistent sales growth’ in the four months since reopening sites but this has ‘slowed since the end of September’.

Pret A Manger has said it plans to shut six more shops and cut around another 400 jobs just two months the after sandwich chain axed 2,800 workers and closed 30 sites

Clare Clough, Pret’s UK managing director, said: ‘It’s absolutely right that we take steps to stop the spread of the virus and tackle the new wave of infections.

‘Sadly, the result of the rise in infections and the necessary shift in public health guidance mean that our recovery has slowed.

‘We’ve said all along that it’s up to Pret to decide our own future and that we must adapt to the new situation we find ourselves in.

‘That’s why we have to make these further changes as we continue to transform our business model and prepare for the six months ahead.

‘We are doing everything we can to support our team members and to prevent further job losses at Pret.’

When the chain announced the cuts in August chief executive Pano Christou said In a statement released today the coronavirus pandemic ‘has taken away almost a decade of growth at Pret’.

He added that the popular cafe franchise had ‘managed to protect many jobs’ but is ‘gutted that we’ve had to lose so many colleagues’.

A survey by the Confederation of British Industry found that UK retailers have cut jobs at the fastest rate since the financial crisis in 2009.  

The CBI report found the employment balance, which measures the number of retailers laying off and hiring staff over the past year, had dropped to minus 45 per cent in August from minus 20 per cent in May.

The figures, which are the lowest level the country has seen since February 2009, also revealed an unexpected slump in retail sales in August with its balance falling to minus 6 per cent from 4 per cent in July.

It was revealed that the retail bloodbath has claimed or put under threat at least 41,391 UK jobs since the lockdown was introduced in late March until end of August.

On Wednesday Gourmet Burger Kitchen (GBK) announced it is to close 26 restaurants and axe 362 roles despite being saved from administration

Just two days ago Gourmet Burger Kitchen (GBK) announced it is to close 26 restaurants and axe 362 roles despite being saved from administration.

The chain had been bought in a rescue deal by Boparan Restaurant Group, which also plucked Carluccio’s out of insolvency earlier in the pandemic.

GBK said it had started to see improvements in trading last year after a major restructuring process in 2018, which saw it shut a raft of sites

How more than 210,000 job losses have been revealed by major UK firms since lockdown began 

Some 210,781 job losses have been announced by major British employers since the start of the coronavirus lockdown in March as follows:  

October 16 – Pret A Manger – 400

October 14 – Gourmet Burger Kitchen – 362

October 7 – Greene King – 800 

October 6 – Virgin Money – 400 

October 6 – Vp – 150 

October 5 – Cineworld – 5,500 (many cuts likely to be temporary) 

September 30 – TSB – 900 

September 30 – Shell – 9,000 worldwide 

September 29 – Ferguson – 1,200

September 22 – Wetherspoon – 400 to 450

September 22 – Whitbread – 6,000

September 18 – Investec – 210

September 15 – Waitrose – 124

September 14 – London City Airport – 239

September 9 – Lloyds Bank – 865

September 9 – Pizza Hut – 450

September 4 – Virgin Atlantic – 1,150

September 3 – Costa – 1,650

August 27 – Pret a Manger – 2,800 (includes 1,000 announced on July 6)

August 26 – Gatwick Airport – 600

August 25 – Co-operative Bank – 350

August 20 – Alexander Dennis – 650

August 18 – Bombardier – 95

August 18 – Marks & Spencer – 7,000

August 14 – Yo! Sushi – 250

August 14 – River Island – 350

August 12 – NatWest – 550

August 11 – InterContinental Hotels – 650 worldwide

August 11 – Debenhams – 2,500

August 7 – Evening Standard – 115

August 6 – Travelex – 1,300

August 6 – Wetherspoons – 110 to 130

August 5 – M&Co – 380

August 5 – Arsenal FC – 55

August 5 – WH Smith – 1,500

August 4 – Dixons Carphone – 800

August 4 – Pizza Express – 1,100 at risk

August 3 – Hays Travel – up to 878

August 3 – DW Sports – 1,700 at risk

July 31 – Byron – 651

July 30 – Pendragon – 1,800

July 29 – Waterstones – unknown number of head office roles

July 28 – Selfridges – 450

July 27 – Oak Furnitureland – 163 at risk

July 23 – Dyson – 600 in UK, 300 overseas

July 22 – Mears – fewer than 200

July 20 – Marks & Spencer – 950 at risk

July 17 – Azzurri Group (owns Zizzi and Ask Italian) – up to 1,200

July 16 – Genting – 1,642 at risk

July 16 – Burberry – 150 in UK, 350 overseas

July 15 – Banks Mining – 250 at risk

July 15 – Buzz Bingo – 573 at risk

July 14 – Vertu – 345 July 14 – DFS – up to 200 at risk

July 9 – General Electric – 369

July 9 – Eurostar – unknown number

July 9 – Boots – 4,000

July 9 – John Lewis – 1,300 at risk

July 9 – Burger King – 1,600 at risk

July 7 – Reach (owns Daily Mirror and Daily Express newspapers) – 550

July 6 – Pret a Manger – 1,000 at risk

July 2 – Casual Dining Group (owns Bella Italia and Cafe Rouge) – 1,909

July 1 – SSP (owns Upper Crust) – 5,000 at risk

July 1 – Arcadia (owns TopShop) – 500

July 1 – Harrods – 700

July 1 – Virgin Money – 300

June 30 – Airbus – 1,700

June 30 – TM Lewin – 600

June 30 – Smiths Group – ‘some job losses’

June 25 – Royal Mail – 2,000

June 24 – Jet2 – 102

June 24 – Swissport – 4,556

June 24 – Crest Nicholson – 130

June 23 – Shoe Zone – unknown number of jobs in head office

June 19 – Aer Lingus – 500

June 17 – HSBC – unknown number of jobs in UK, 35,000 worldwide

June 15 – Jaguar Land Rover – 1,100

June 15 – Travis Perkins – 2,500

June 12 – Le Pain Quotidien – 200

June 11 – Heathrow – at least 500

June 11 – Bombardier – 600

June 11 – Johnson Matthey – 2,500

June 11 – Centrica – 5,000

June 10 – Quiz – 93

June 10 – The Restaurant Group (owns Frankie and Benny’s) – 3,000

June 10 – Monsoon Accessorise – 545

June 10 – Everest Windows – 188

June 8 – BP – 10,000 worldwide

June 8 – Mulberry – 375

June 5 – Victoria’s Secret – 800 at risk

June 5 – Bentley – 1,000

June 4 – Aston Martin – 500

June 4 – Lookers – 1,500

May 29 – Belfast International Airport – 45

May 28 – Debenhams (in second announcement) – ‘hundreds’ of jobs

May 28 – EasyJet – 4,500 worldwide

May 26 – McLaren – 1,200

May 22 – Carluccio’s – 1,000

May 21 – Clarks – 900

May 20 – Rolls-Royce – 9,000

May 20 – Bovis Homes – unknown number

May 19 – Ovo Energy – 2,600

May 19 – Antler – 164

May 15 – JCB – 950 at risk

May 13 – Tui – 8,000 worldwide

May 12 – Carnival UK (owns P&O Cruises and Cunard) – 450

May 11 – P&O Ferries – 1,100 worldwide

May 5 – Virgin Atlantic – 3,150

May 1 – Ryanair – 3,000 worldwide

April 30 – Oasis Warehouse – 1,800

April 29 – WPP – unknown number

April 28 – British Airways – 12,000

April 23 – Safran Seats – 400

April 23 – Meggitt – 1,800 worldwide

April 21 – Cath Kidston – 900

April 17 – Debenhams – 422

March 31 – Laura Ashley – 268

March 30 – BrightHouse – 2,400 at risk

March 27 – Chiquito – 1,500 at risk

 

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