40 Stores to close... (part 5)

Money, investing, mutuals etc
Richard Frost
Posts: 11147
Joined: Tue Jun 29, 2010 8:14 pm
Location: The Isle of Dreams
Has thanked: 2374 times
Been thanked: 5378 times
Contact:

Re: 40 Stores to close... (part 5)

Post by Richard Frost » Mon Jun 08, 2020 1:26 pm

https://www.bbc.co.uk/news/explainers-52966609

BP has announced plans to cut 10,000 jobs amid following a global slump in demand for oil because of the coronavirus crisis.

The oil giant had paused redundancies during the peak of the pandemic but told staff on Monday that around 15% will leave by the end of the year.

BP has not said how many jobs will be lost in the UK but it is thought the figure could be close to 2,000

Chadwick
Posts: 1987
Joined: Mon Jul 05, 2010 4:21 pm
Has thanked: 947 times
Been thanked: 2134 times
Contact:

Re: 40 Stores to close... (part 5)

Post by Chadwick » Mon Jun 08, 2020 1:55 pm

I think we'll see a lot of casualties in October when the furlough scheme ends.
Thanked by: blythburgh

AAAlphaThunder
Posts: 25663
Joined: Tue Sep 14, 2010 8:23 pm
Has thanked: 189 times
Been thanked: 3472 times
Contact:

Re: 40 Stores to close... (part 5)

Post by AAAlphaThunder » Mon Jun 08, 2020 1:58 pm

pabenny wrote:
Mon Jun 08, 2020 10:32 am
Boro Boy wrote:
Fri Jun 05, 2020 9:39 pm
They just didn't get enough support: https://www.msn.com/en-gb/money/news/vi ... d=msedgntp
That's Victoria's Secret, btw.
Very sexy, I like.
[Secretary] imutual Cashback Investment Club

Richard Frost
Posts: 11147
Joined: Tue Jun 29, 2010 8:14 pm
Location: The Isle of Dreams
Has thanked: 2374 times
Been thanked: 5378 times
Contact:

Re: 40 Stores to close... (part 5)

Post by Richard Frost » Mon Jun 08, 2020 4:17 pm

AAAlphaThunder wrote:
Mon Jun 08, 2020 1:58 pm
Very sexy, I like.
You do not learn do you? -10/10 still off topic

AAAlphaThunder
Posts: 25663
Joined: Tue Sep 14, 2010 8:23 pm
Has thanked: 189 times
Been thanked: 3472 times
Contact:

Re: 40 Stores to close... (part 5)

Post by AAAlphaThunder » Mon Jun 08, 2020 5:56 pm

Richard Frost wrote:
Mon Jun 08, 2020 4:17 pm
AAAlphaThunder wrote:
Mon Jun 08, 2020 1:58 pm
Very sexy, I like.
You do not learn do you? -10/10 still off topic
If you and your little band of merry men stop all of this "report his posts" posse then I won't get banned from the forums.
[Secretary] imutual Cashback Investment Club

blythburgh
Posts: 15511
Joined: Tue Jun 29, 2010 7:14 pm
Location: The Far East
Has thanked: 28875 times
Been thanked: 5633 times
Contact:

Re: 40 Stores to close... (part 5)

Post by blythburgh » Tue Jun 09, 2020 11:05 am

I do not report just skim read the post in case it has something worth reading. If you did not behave like an annoying prat Richard would not get complaints and end up banning you.

I got a 5 min ban from the Rewards1 forum because one person was discussing how to address a problem with someone who had overcome it. I said "life can be a bitch at times". Next time I must remember to write "life can be a female dog at times"
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

Dream on
Posts: 591
Joined: Fri Nov 04, 2011 7:16 pm
Has thanked: 2611 times
Been thanked: 308 times
Contact:

Re: 40 Stores to close... (part 5)

Post by Dream on » Wed Jun 10, 2020 11:03 am

Thanked by: blythburgh

Richard Frost
Posts: 11147
Joined: Tue Jun 29, 2010 8:14 pm
Location: The Isle of Dreams
Has thanked: 2374 times
Been thanked: 5378 times
Contact:

Re: 40 Stores to close... (part 5)

Post by Richard Frost » Thu Jun 11, 2020 11:06 am

https://www.bbc.co.uk/news/business-53006073
Centrica, the owner of British Gas, is to cut 5,000 jobs this year to "arrest the decline" of the company.

The company has been losing customers to rivals and, in February, blamed a big loss in 2019 on the energy price cap and falling gas prices.

Centrica also said the coronavirus crisis had shown how the company could be "agile and responsive".

New boss Chris O'Shea said the energy giant would strip out three layers of management to slim down the business.

About half of the jobs to go will be among the company's leadership, management and corporate staff. This will include half of the senior leadership team of 40 who will leave by the end of August.

Centrica currently has about 27,000 employees, with 20,000 of these based in the UK
Thanked by: blythburgh

Boro Boy
Posts: 5048
Joined: Mon Sep 15, 2014 6:05 pm
Location: London
Has thanked: 982 times
Been thanked: 2011 times

Re: 40 Stores to close... (part 5)

Post by Boro Boy » Thu Jun 11, 2020 11:11 am

Richard Frost wrote:
Thu Jun 11, 2020 11:06 am
https://www.bbc.co.uk/news/business-53006073
Centrica, the owner of British Gas, is to cut 5,000 jobs this year to "arrest the decline" of the company.

The company has been losing customers to rivals and, in February, blamed a big loss in 2019 on the energy price cap and falling gas prices.

Centrica also said the coronavirus crisis had shown how the company could be "agile and responsive".

New boss Chris O'Shea said the energy giant would strip out three layers of management to slim down the business.

About half of the jobs to go will be among the company's leadership, management and corporate staff. This will include half of the senior leadership team of 40 who will leave by the end of August.

Centrica currently has about 27,000 employees, with 20,000 of these based in the UK
Seismic cuts! I hope these cuts don't end up being from their customer services department as its already bad enough! Also hope they don't join that mass of companies where they are almost impossible to contact and when you do manage to contact them you get computer generated answers as if you are a peg that will fit accurately into some hole somewhere...!

That would be the end of them, you can't bounce back from that.
Thanked by: blythburgh

Richard Frost
Posts: 11147
Joined: Tue Jun 29, 2010 8:14 pm
Location: The Isle of Dreams
Has thanked: 2374 times
Been thanked: 5378 times
Contact:

Re: 40 Stores to close... (part 5)

Post by Richard Frost » Thu Jun 11, 2020 11:48 am

Ovo Energy to close offices and cut 2,600 jobs
https://www.bbc.co.uk/news/uk-scotland- ... s-52714205
A major energy provider is to cut 2,600 jobs, claiming the lockdown has forced it to accelerate cost-cutting plans.

Ovo Energy bought SSE's retail division four months ago, making it Britain's second biggest supplier of domestic gas and electricity.

It had intended to reduce staff as it automates customer service, but says that process is being brought forward.

Ovo will close its operations in central Glasgow's Waterloo Street, Selkirk and Reading.

Jobs are also expected to go at offices in Perth, Cumbernauld and Cardiff.

SSE plc will continue to operate from the Waterloo Street and Reading offices.
Thanked by: blythburgh

Post Reply

Who is online

Users browsing this forum: No registered users and 1 guest