UK Job Crisis, 60,000 Workers at Risk

UK Job Crisis, 60,000 Workers at Risk

Since March, almost 57,800 jobs have been lost due to business closures or significant job cuts by giants in manufacturing, airline, and restaurant sectors. In the last week, more than 10,000 employees found that their jobs are at risk.

Meanwhile, Boots has also announced to 4,000 cuts, John Lewis announced 1,300 cuts. Rolls Royce admits that 9,000 employees are at risk of job loss, worldwide. The restaurant businesses have also encountered around 15,000 job losses.

Earlier, the UK’s Chancellor of the Exchequer, Rishi Sunak, presented a new Kickstart Scheme worth $2 billion which would find jobs for 3.5 lakh workers of 18-24 old.

Restaurants will get the benefit of slashed VAT from 5-20%. Businesses seeking back the left furloughed workers would be eligible for 1000 Euros per worker from the administration.

In England, the hospitality organizations, including pubs, cafes, and restaurants allowed to reopen from July 4.

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