Premier Inn Owner Announces 4,000 Job Cuts
Whitbread is announcing a wide-ranging restructuring plan involving its restaurant brands, including BeefEater and Brewers Fayre, and their integration into hotels. The company expects these changes to free up approximately £2 billion for shareholders over the next five years. The restructuring is being driven by cost increases in business rates and national insurance. The company attributed these rising costs to policy changes implemented by the Labour government. The owner of Premier Inn and Beefeater announced plans to cut nearly 4,000 jobs across the United Kingdom and Ireland. The announcement covers staff reductions in both regions. No specific timeline for the cuts was provided in the report. The owner of Premier Inn has announced plans to cut 3,800 jobs in the UK and replace 197 restaurants.
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Sources · 7 independent
“they should free up about £2 billion to shareholders over the next five years. But right at the top of the statement, it says one of the things that's driving this restructuring is it's being done in light of significant cost increases”
“overall, they sell these changes should free up about £2 billion to shareholders over the next five years. But right at the top of the statement, it says one of the things that's driving this restructuring is it's being done in light of significant cost increases”
“overall, they sell these changes should free up about £2 billion to shareholders over the next five years. But right at the top of the statement, it says one of the things that's driving this restructuring is it's being done in light of significant cost increases in the form of business rates and national insurance.”
“the owner of Premier Inn and Beefeater has announced plans to cut nearly 4,000 jobs across the UK and Ireland.”
“plans to cut nearly 4,000 jobs across the UK and Ireland.”
“Premier Inn owner announces plans to cut 3,800 UK jobs and replace 197 restaurants”
“the owner of Premier Inn has announced plans to cut almost 4,000 jobs in the UK and Ireland. of Whitbread's 5.”
“the owner of Premier Inn has announced plans to cut almost 4,000 jobs in the UK and Ireland.”
“cut almost 4,000 jobs in the UK and Ireland. of Whitbread's 5.”
“cut almost 4,000 jobs in the UK and Ireland. of Whitbread's 5. responsible and ex-essential strategy to make £250 million in savings.”
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