10/7/2020, 1:48 PM (Source: TeleTrader)
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Greene King to cut 800 jobs, close 79 pubs - report

Greene King could cut its workforce by 800 and close up to 79 of its locations amid the crisis caused by the coronavirus, Sky News reported on Wednesday citing sources close to the company.

The report added that United Kingdom's largest pub retailer and brewer decided to leave one-third of its shut-down sites closed permanently, attributing the move to the slump in business caused by the 10 pm curfew imposed by the UK government.

Earlier in the day, a report by the ITV revealed that Downing Street could impose a temporary shut-down of all hospitality venues in the northern part of the country in order to slow down the spread of COVID-19.

Breaking the News / BU