Stella McCartney losses hit £33.6m amid sales slump
Stella McCartney's fashion label sees losses widen to £33.6m as sales fall by 27%, raising concerns over its financial future. Directors cite challenging luxury market conditions.
Category : Search result: retail job losses
River Island to close 33 stores by 2026 after £33.2m losses
British fashion chain River Island is closing 33 profitable branches by January 2026, risking hundreds of jobs. The move follows £33.2m losses and a shift to online shopping. See the full list of affected stores.
Ghost jobs and AI bots: the bleak new reality of UK job hunting
From fake 'ghost job' ads to AI interviewers, the UK job market has become a soul-destroying maze. Discover why even experienced professionals are struggling to be seen by a human.
Rural NZ Exodus: Mill Closures Force Families to Leave
The closure of Winstone Pulp's mills in Ruapehu, New Zealand, has led to over 230 job losses, forcing families to move and raising fears of a 'hollowing out' of rural regions. Read the full story.
Services Sector Job Losses Continue as UK Growth Rebounds
The UK services sector saw further job losses in December, despite a rebound in business activity and rising client confidence. Analysts warn of intense cost pressures and a sluggish economic outlook. Read the full analysis.
350,000 new training places for young unemployed
The UK government is offering 350,000 training and job opportunities to young people on Universal Credit, with potential benefit sanctions for non-engagement. This aims to tackle the near-million youth 'Neet' crisis.
Royal Shakespeare Company cuts 11% of jobs
The Royal Shakespeare Company plans to cut its workforce by 11% and merge costume departments to save £2.8m annually, citing a 'perilous' financial situation due to funding cuts and soaring costs. Read the full story.
UK farmers lose £828m after hottest spring and summer
A new study reveals UK arable farmers face over £800m in losses after the hottest spring and summer on record devastated harvests. Discover the impact on food security and calls for urgent support.
Argos losses exceed £200m as Sainsbury's strategy falters
Argos plunged to a £223.2m pre-tax loss last year, with analysts claiming Sainsbury's 'food-first' strategy left the retailer feeling like an 'unloved child'. Discover the future of the high street staple.
TikTok UK safety staff forced out, whistleblowers reveal
Exclusive: Over 400 UK TikTok moderators have signed termination deals, contradicting company claims to MPs. Whistleblowers warn AI is not ready to protect users.
Victoria to cut 4,000 public service jobs in $2.3bn savings plan
The Victorian government announces a major public sector overhaul, aiming to cut 4,000 jobs and save $2.3bn. Find out which departments are affected and the impact on services.
Leon warns of closures after £8 million loss
Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.
State Library of Victoria job cuts spark outcry
The State Library of Victoria's plan to cut nearly 40 jobs and halve its reference librarians has provoked fierce criticism. Critics warn it undermines a vital public institution. Read more on the proposed changes.
Bernie Sanders: AI Poses Unprecedented Threats to Society
US Senator Bernie Sanders issues a stark warning on AI's dangers to jobs, democracy, and the environment. He calls for immediate Congressional action to regulate the technology before it's too late.
Food inflation slows to 3% amid Black Friday deals
UK food inflation eased to 3% in November, down from 3.7% in October, as Black Friday discounts hit shops. However, experts warn of persistent pressures and challenges ahead for retailers and consumers.
Black Friday discounts slow UK shop price inflation
Early Black Friday discounts helped slow UK shop price rises to 0.6% in November, below the three-month average. Read the full analysis from the British Retail Consortium.
Argos loses £223m as over 2,000 jobs cut
Argos reports a £223.2m pre-tax loss for the year, with over 2,000 jobs axed. The retailer blames a tough market and poor summer weather. Read the full analysis.
Southall fire destroys warehouse, businesses lose thousands
A major fire at a West London business park destroyed a warehouse, causing over £23,600 in losses for local traders. 150 firefighters battled the blaze.
AI Puts 2.1 Million UK Jobs at Risk, OBR Says
OBR analysis reveals over 2 million jobs in key UK sectors face AI automation. Discover the Treasury's response and the potential impact on the economy.
State Library of Victoria Cuts 39 Jobs in Restructure
Melbourne's State Library of Victoria faces staff outrage as 39 positions face elimination in controversial restructure prioritising digital projects over traditional library services.
French Civil Servant Accused of Drugging Job Applicants
More than 240 women allege a senior French civil servant drugged them with diuretics during job interviews, causing severe humiliation. The case highlights systemic failures and delayed justice.
HP cuts 6,000 jobs in AI-driven restructuring
HP announces up to 6,000 job cuts by 2028 as it embraces AI technology. The restructuring aims to save $1bn annually while improving product innovation and customer service.
B&Q Owner Kingfisher Raises Profit Forecast to £570m
B&Q owner Kingfisher boosts profit outlook despite softening UK retail market. Discover how strong management drives success in challenging economic conditions.
ATO worker takes 'same job, same pay' to court
An ATO call centre worker employed by Probe Operations applies for a 'same job, same pay' order, challenging the tax office's use of outsourced labour. Could this set a new precedent?
ABN Amro Announces 5200 Job Cuts Over Three Years
Dutch banking giant ABN Amro reveals plans to cut 15% of workforce in strategic overhaul. Discover how this impacts European banking sector and what's next.
Gambling tax hike could cause UK job losses
Chancellor Rachel Reeves warned that increasing gambling taxes could lead to significant job losses and harm horse racing. The industry contributes £4bn annually in tax. Read the full analysis.
AI Threatens 3 Million UK Jobs by 2035
New research reveals AI could displace 3m low-skilled UK workers by 2035, while boosting demand for professionals. Discover which roles are most at risk.
Unimetals Recycling collapses, 650 jobs at risk
One of the UK's largest metal recycling firms, Unimetals Recycling, has collapsed into liquidation, putting approximately 650 jobs in immediate danger. Discover the full story behind the failure.
Unimetals liquidation puts 650 UK jobs at risk
Unimetals Group, a major UK metals recycler, is on the brink of collapse, threatening 650 jobs just weeks before Christmas. Read the full story on the crisis.
Ovo Energy Axes Hundreds of Jobs Amid Crisis
Struggling energy supplier Ovo prepares to cut several hundred jobs next week as part of urgent restructuring plan to convince regulators and secure £300m investment.
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