UPDATE 1-UK’s Costa Coffee may cut 1,650 jobs as virus-hit forces restructuring – Reuters Africa

(Adds details on restructuring, sales, background)Sept 3 (Reuters) – Costa Coffee, a unit of Coca-Cola Co , said on Thursday a plan to deal with the hit to its UK stores from the COVID-19 health crisis could result in 1,650 people losing their jobs, becoming the latest British chain to warn of layoffs.The coffee chain,…

UPDATE 1-UK’s Costa Coffee may cut 1,650 jobs as virus-hit forces restructuring – Reuters Africa

(Adds details on restructuring, sales, background)Sept 3 (Reuters) – Costa Coffee, a unit of Coca-Cola Co , said on Thursday a plan to deal with the hit to its UK stores from the COVID-19 health crisis could result in 1,650 people losing their jobs, becoming the latest British chain to warn of layoffs.The coffee chain, which employs around 16,000 people across 1,600 wholly-owned stores in the UK, said its plan includes removing the role of assistant store manager in the UK business.The business model of coffee shops, located mainly in town centres and cities, has been hammered as many people still work from home.Britain has been encouraging
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