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Found 7 results

  1. Carpetright has said it is closing 92 stores - resulting in 300 job losses - as it fights for survival under a sweeping restructure. The beleaguered retailer, which employs 2,700 people in the UK, said 11 of the sites earmarked for closure had already stopped trading. The move follows a review of its property portfolio which found 205 sites were underperforming or on unfavourable lease terms. Carpetright said it hoped to relocate affected staff - and said rent would be slashed on the other 113 struggling sites under the rescue plan. Wilf Walsh, chief executive of Carpetright, said: "These tough but necessary actions will enable us to address the burden of a legacy UK property estate consisting of too many poorly located stores on unsustainable rents, and are essential if we are to restore our profitability and deliver a successful turnaround. "We will remain in close contact with all colleagues to keep them fully informed as we move through this process." https://uk.yahoo.com/finance/news/carpetright-axe-300-jobs-close-92-stores-065300557.html
  2. A man who attacked a bailiff with a pick axe handle has been jailed Martin Pritchard admitted assaulting Josef Minoli who had come to his house to collect unpaid magistrates court fines. He had received a telephone call from his stepson to inform him that the bailiff was at the property looking to collect the debt. When Pritchard arrived back at his house in Wrexham, he became abusive telling Mr Minoli to ‘get the the f*** out”. He then hit the bailiff in the midriff with the pick up handle causing him to fall to the ground. The enforcement officer had been on his phone to the police during the attack. When officers arrived, Pritchard had already fled the scene, but was picked up later. Mold Crown Court heard that Pritchard had arrived back at his house with another person, assaulting the bailiff and then beginning to count down as he held the axe handle over his head. The debtor had been before the court on a number of previous occasions. Mr Pritchard's Barrister stated in court that her client had lost his temper because his step son was alone at the house. The court fine was paid later that day and this, together with the fact that Mr Pritchard’s mother was unwell and that he helped look after her children, was taken into consideration by the Judge. He was jailed for 5 months.
  3. Npower, one of Britain's biggest energy suppliers, will outline plans this week to axe thousands of jobs ‎as its German owner attempts to revive the company's weak financial performance. Sky News has learned that Npower will tell staff in the coming days that approximately 2,500 roles at the company and its‎ partners are to be axed. Sources said the proposals were still being finalised, with some of Npower's directly employed workforce of 7,500 at risk and the remainder of the cuts taking place at internal suppliers elsewhere in the RWE group and at outsourcing partners. Including indirect employment, Npower's operations support about 11,500 jobs in the UK - meaning that its workforce is braced for a reduction of over 20%. The grim news will be delivered just days before competition regulators announce a series of measures aimed at making the UK's energy market more transparent. Npower, which is part of the German utility RWE, and rivals such as British Gas and SSE have announced a round of price cuts ‎in recent months, but have been criticised by ministers and consumer groups for failing to go further. The rapid decline in oil prices during the last year has prompted calls for much bigger cuts. Npower said last month that it would reduce gas prices for residential customers by just over 5% on 28 March, equating to a £32 annual bill cut for households using a standard domestic ‎tariff. Npower's plans to cut so many jobs will ignite concerns about its ability to improve a customer service record which is already judged to be among the worst in a tarnished industry. Insiders pointed, however, to the beginnings of a turnaround in its performance, with the number of complaints halving in 2015. Last year, RWE ousted Paul Massara, Npower's former boss, and installed‎ Paul Coffey, the British company's chief operating officer, in his place. The management changes followed a decline in Npower's customer base following a string of billing problems. In December, the company was ordered to pay a £26m settlement by the energy regulator, Ofgem, for "failing to treat customers fairly" - the second such fine it has had imposed on it. Npower now has roughly five million customers, making it the smallest of the "Big Six" suppliers. The company lost £48m in the nine months to the end of October, largely as a consequence of the billing system problems. The job cuts will be the latest piece of bad news affecting RWE in the UK, following last month's accident at the power station it owns in Didcot, Oxfordshire, which is thought to have left several people dead. The redundancies at Npower are unrelated to the Didcot tragedy. It is not only in Britain that RWE, Npower's German owner, has been experiencing challenges. It announced last month that it was scrapping its full-year dividend, blaming sliding earnings from its electricity generation business and the changing political sentiment towards nuclear power in its home market. The dividend move will save around €600m (£464m). RWE will announce annual results on Tuesday, and is expected to set out further details of its plans for Npower alongside them. Two days later, the Competition and Markets Authority (CMA) will unveil its final proposals arising from a two-year inquiry into the energy sector. Npower declined to comment on Sunday. SKY
  4. this government is getting worse. http://www.thetelegraphandargus.co.uk/news/11579910.Charity_urges_Government_to_rethink_hardship_fund_axe_which_could_hit_16_000_Bradford_families/
  5. But announce they will come from voluntary redundancies. http://www.dailymail.co.uk/money/news/article-2243276/British-Airways-cut-400-cabin-crew-jobs-promises-voluntary-redundancies.html
  6. These are from Head Office. Administrators say there are no plans for further redundancies at this time,and stores will continue to trade. http://www.bbc.co.uk/news/business-20274129
  7. http://www.dailymail.co.uk/money/news/article-2160540/Royal-Mail-slashes-6-500-post-box-collections-year.html
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