Today sees what is expected to be a flood of job losses start to show as the government’s furlough scheme approaches its end.
More than 2,100 people at pub chain Marston’s face losing their jobs, as the business reacts with job cuts to tackle a deepening Covid-19 economic crisis.
In a statement to the City earlier today, Marston’s said it believed consumer confidence had dropped as a consequence of government decisions over recent days and weeks, undermining its efforts to reopen pubs.
The Marston’s hospitality estate comprises circa 1,400 pubs and restaurants across the UK, reported sales had dropped year on year by more than 30%. Prior to the most recent government measures reducing trade, trade had picked up through the summer, but were again diminishing.
Greene King announced 79 pub closures and 800 job losses only last week, then Nicola Sturgeon closed a further 125 for them the same day through the new lockdown measures in Scotland.
The end of the furlough scheme, as predicted by many, will unfortunately see many more similar reports in the days and weeks ahead.
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Hospitality & Catering News: Marston’s shed 2,100 jobs as furlough end approaches – 15 October 2020 – Marston’s shed 2,100 jobs as furlough end approaches
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