Kier – mysterious
Development firm Kier has announced far more task cuts as the fiscal impact of the coronavirus pandemic has reduced income and lifted web financial debt. The contractor expects to lower costs by £100m by next June. It had previously been looking to lower costs by £65m by next June, the vast majority of which will come from chopping one,200 work. The corporation has not verified how many additional work have been shed.
Laura Ashley – 2,700 work
Laura Ashley submitted for administration in March after the having difficulties retailer failed to secure £15m of crisis money to continue to be afloat, placing around 2,700 work at threat. Laura Ashley blamed coronavirus for its conclusion.
Le Suffering Quotidien – 200 work
The British arm of the bakery chain Le Suffering Quotidien was sold in a pre-pack deal that cost 200 work.
LHG Hotels – one,500 work