Propel Morning Briefing Mast HeadAccess Banner  
Propel Morning Briefing Mast Head Propel's LinkedIn LinkPaul's Twitter Link Paul's X Link

Opus Apeiro Banner
Morning Briefing for pub, restaurant and food wervice operators

Thu 6th Aug 2020 - JD Wetherspoon plans to make up to 130 head office staff redundant
JD Wetherspoon plans to make up to 130 head office staff redundant: JD Wetherspoon has announced plans to make up to 130 of its head office staff redundant. The company stressed the proposed redundancies won’t affect staff working in the company’s 873 pubs. Chief executive John Hutson said: “The company has written to all 417 people employed at head office (including those regionally based) to inform them a possible 110 to 130 positions are at risk of redundancy. The decision is mainly a result of a downturn in trade in the pub and restaurant industry generally, a reduction in the company’s rate of expansion and a reduction in the number of pubs operated from 955 in 2015 to 873 today. We should emphasise no firm decisions have been made at this stage. All head office employees will be affected by the process, with the exception of those working directly in Northern Ireland and the Republic of Ireland. The company will listen to suggestions from staff to help avoid or reduce the number of compulsory redundancies required. These include voluntary redundancy or early retirement, including an enhanced redundancy package to employees who volunteer, the option to transfer to a pub-based position (where suitable positions are available), flexible working options, reduced working hours, and unpaid periods of absence (including sabbaticals and study leave). Wetherspoon is proposing to collectively consult with employees through an employment representative committee, which will be established for this purpose.” In April, Wetherspoon raised £141m through a share placement to tackle the economic impact of the coronavirus crisis and related restrictions. Founder Tim Martin’s stake in the company was diluted to 28%. Wetherspoon has forged deals with landlords to pay zero rent now and defer payments until next year or switch to monthly payments. In June, the company reported it wouldn’t begin any new pub development projects in the next 12 months.


Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Square Kiosk Banner
 
Contract Furniture Group Banner
 
Nory Banner
 
Tenzo Banner
 
Access Banner
 
Tevalis Banner
 
Tenzo Banner
 
Propel Banner
 
Deliverect Banner
 
CACI Banner
 
Meaningful Vision Banner
 
Growth Kitchen Banner
 
Zonal Banner
 
HGEM Banner
 
Zonal Banner
 
Christie & Co Banner
 
Sideways Banner
 
Venners Banner
 
Airship – Toggle Banner
 
Wireless Social Banner
 
Startle Banner
 
McCain Banner