9/22/2020, 10:19 AM (Source: TeleTrader)
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Whitbread to cut 6,000 jobs amid virus crisis

Whitbread PLC confirmed on Tuesday it would cut 6,000 jobs or 18% of its workforce within its subsidiaries due to the financial crisis caused by the coronavirus pandemic.

"These changes create a more flexible labor model that can adapt with changes in the demand environment going forward. Our priority is to ensure that the process is fair and that impacted colleagues are supported throughout," the company, which owns the Premier Inn hotels and Brewers Fayre restaurants, stated.

Whitbread added the decision was motivated by the British government's warnings it might reintroduce lockdowns, including reportedly a new nationwide one.

Breaking the News / JR