Taxpayers are subsidising the rail industry by £1m per hour, to run trains that are virtually empty. The government put in place a £12bn support package to prevent train operators facing financial collapse when fare income fell to nothing due to the pandemic lockdown in the UK. The transport secretary, Grant Shapps, was quoted as saying “We have, during the pandemic, stepped in to save every single rail job without exceptions.”
Marks & Spencer is reportedly seeking redundancies across 18 Irish stores according to an interview with the Irish Independent newspaper. Trade unions Mandate and Siptu will ballot staff on the proposed redundancy plan, with the recommendation that staff accept the offer. As figures show that there was a decline in the sales being made in shops prior to the Covid 19 pandemic. This decline has now been accelerated due to the lockdown conditions.
Formaplex, at Voyager Park, Portsmouth, a manufacturer that supplies components to the likes of Rolls-Royce and the F1 motorsport sector, has announced that it will make more than 110 redundancies from its Hampshire workforce
Thermo Fisher Scientific has based in Auld Bond Road in Perthshire been producing millions of tubes every week for use in taking Covid 19 sample collections. In October 2020 the company announced a recruitment drive for 200 staff as it ramped up production. In January it was looking to recruit for 400 new staff.
Redundancies have been announced at the magazine publisher Hearst, with up to a fifth of its UK staff being let go. Hearst UK publishes magazines such as Cosmopolitan, Elle, Red, Good Housekeeping, Harper’s Bazaar, Prima, Men’s Health and Women’s Health.
When G7 Foreign and Development Ministers meet in London this week they will discuss investing $15 billion in developing countries in the next two years. This development fund will help women access jobs and build resilient businesses to combat the devastating economic impacts of COVID-19.
Kate Winslet has revealed she headed straight to her job at a delicatessen in her home town Reading after she finished filming her first movie.