Premier Inn owner Whitbread may cut nearly 6,000 jobs – Reuters UK

(Reuters) – Premier Inn owner Whitbread WTB.L plans to cut up to 6,000 jobs at its hotels and restaurants as the COVID-19 pandemic ravages the travel and hospitality industries and the British government winds down a job support scheme. Signages of the Premier Inn Hotel and Brewers Fayre are seen outside the Durham North branch…

Premier Inn owner Whitbread may cut nearly 6,000 jobs – Reuters UK

(Reuters) – Premier Inn owner Whitbread WTB.L plans to cut up to 6,000 jobs at its hotels and restaurants as the COVID-19 pandemic ravages the travel and hospitality industries and the British government winds down a job support scheme. Signages of the Premier Inn Hotel and Brewers Fayre are seen outside the Durham North branch after the chain announced job cuts nationwide, in County Durham, Britain, September 22, 2020. REUTERS/Lee SmithThe company said on Tuesday it had begun formal consultations on the cuts, which equate to 18% of its workforce, and expected a large proportion of them to be voluntary.“We expect demand to remain subdued in the short to medium-term and the UK Government’s furlough scheme to come to an end in October,” Whitbread said in a statement, explaining the cuts.Its shares were down 2.9% to 2,047 pence at
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