Advertisement
UK markets close in 4 hours 5 minutes
  • FTSE 100

    7,825.87
    -51.18 (-0.65%)
     
  • FTSE 250

    19,273.30
    -177.37 (-0.91%)
     
  • AIM

    741.12
    -4.17 (-0.56%)
     
  • GBP/EUR

    1.1678
    -0.0005 (-0.05%)
     
  • GBP/USD

    1.2434
    -0.0004 (-0.03%)
     
  • Bitcoin GBP

    52,163.18
    +1,618.88 (+3.20%)
     
  • CMC Crypto 200

    1,337.48
    +24.86 (+1.93%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • CRUDE OIL

    81.88
    -0.85 (-1.03%)
     
  • GOLD FUTURES

    2,388.50
    -9.50 (-0.40%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,691.47
    -145.93 (-0.82%)
     
  • CAC 40

    7,992.42
    -30.84 (-0.38%)
     

UK's Johnson Service Group flags 35% job cuts in hospitality division

(Reuters) - British textile rental services provider Johnson Service Group <JSG.L> said on Tuesday it expects about 35% job cuts in its hospitality division as coronavirus-related lockdowns continue to disrupt businesses.

The supplier of workwear and protective wear said its hotel, restaurant and catering (HORECA) division, which had 3,800 employees at end-2019, is expected to have a reduced workforce of 2,450 people by the end of this year.

"Some 1,600 of our employees are currently on furlough with the majority of the remaining workforce being flexi-furloughed and working reduced hours in line with the current reduced volumes," the company said.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Maju Samuel)