High Street retailer Wilko has confirmed that there are “no immediate store closures planned” following their announcement that they had filed a notice of intention to appoint administrators. The chain has over 400 stores and 12,000 members of staff across the UK who have now been put at risk. A notice of intention to appoint administrators does…
Virgin Media O2 is to axe up to 2,000 jobs by the end of 2023. It said the move, which includes around 800 previously reported job cuts, will affect around 12% of its workforce. It follows BT and Vodafone in reducing the size of its workforce. The cuts come around two years after the business was created by…
Ireland’s data regulator, Data Protection Commissioner Helen Dixon has imposed a record €1.2 billion fine on Facebook owner Meta, which has its EU headquarters in Dublin, for violating European privacy rules, in a move that takes total penalties against the company above €2 billion. It follows from a long investigation into transfers by Facebook of…
BT have said that it would axe up to 55,000 jobs by 2030 to slash costs in the latest tech-sector jobs cull. The layoffs, which comprise of 42% of its workforce, come two days after Vodafone unveiled plans to cut 11,000 jobs or one tenth of staff over three years. BT employs 130,000 staff, including contractors. The…
Tesco and Lidl are involved in a High Court case over a yellow circle logo on a blue square background. The logo is used by Lidl as its main logo and by Tesco to highlight offers available to members of its Clubcard scheme. Lidl claim that Tesco have infringed a trademark and copyright. It alleges…
Craft beer firm, BrewDog, has apologised to former employees who accused the company and its co-founder James Watt of fostering a “culture of fear” where workers were bullied and “treated like objects”. In an open letter former workers alleged that BrewDog’s growth resulted in cutting corners on health and safety, failing to live by its…
Wrigley Claydon has partnered with The Growth Company and Citizens Advice Manchester to ensure that Greater Manchester’s workers who have been hit hardest by the pandemic can access free legal advice. During this period of uncertainty, many people across Greater Manchester are worried about their employment, from their employment rights, redundancy, pay cuts, to terms…
Retail brokerages restricted trading recently in GameStop and other stocks caused big losses for hedge funds. Free-stock trading pioneer Robinhood and Interactive Brokers said that in some cases, investors would be able to sell only their positions and not open new ones. Both brokerages raised margin requirements on certain securities. Robinhood said its decision to…
Greater Manchester’s night-time economy adviser Sacha Lord has begun legal proceedings against the government over the closure of hospitality venues. He stated that a judicial review began on Tuesday 20 October 2020 into the legality of implementing emergency restrictions on the hospitality sector i.e. closing pubs and bars not serving food “without any evidence” it…
It has been reported that Lionel Messi has told Barcelona that he wants to leave the club immediately – and on a free transfer. Messi believes that a clause in his contract means he can walk away for no fee. Barcelona, however, insist that he is still bound by a €700m (£629m) buy-out clause. Barcelona believe…