Sunday, April 21

Day: September 3, 2020

Costa reveals 1,650 jobs at risk
Featured, United Kingdom

Costa reveals 1,650 jobs at risk

    Cafe chain Costa has said 1,650 staff are at risk of redundancy as it looks to cut costs amid continued uncertainty over when trade will fully recover following the pandemic. It told staff on Thursday that it has started consultations which could impact more than a 10th of roles. The move comes a week after rival Pret A Manger revealed it was slashing 2,800 roles as part of a restructure of its UK business. Costa closed nearly all of its 2,700 UK stores for six weeks during the pandemic but had now reopened around 2,400 sites. The Coca Cola-owned chain said trade is returning after being boosted by the Government's VAT reduction on food and non-alcoholic drinks and the recent Eat Out to Help Out scheme. However, it said the proposed job cuts had been driven by hig...