North East UK news Around 5,000 jobs to go at Upper Crust owner SSP MetiNews.Com

MetiNews.Com - The group, which runs a number of food places in the North East, said it could axe more than half of its peak season workforce

North East UK news Around 5,000 jobs to go at Upper Crust owner SSP MetiNews.Com

MetiNews.Com - The group, which runs a number of food places in the North East, said it could axe more than half of its peak season workforce

North East UK news  Around 5,000 jobs to go at Upper Crust owner SSP MetiNews.Com
01 July 2020 - 07:56

Breaking News ! Upper Crust and Caffe Ritazza owner SSP has announced that up to around 5,000 jobs are at risk amid a major overhaul to combat tumbling sales in the Covid-19 crisis. The transport hub food firm said that plunging passengers numbers at railway stations and airports due to the coronavirus pandemic have wiped out two months of sales. It also warned it expects to open only around a fifth of its sites in the UK by the autumn as travel is set to remain at very low levels. As a result, it has launched a consultation on a restructure to "simplify and reshape" the business in the face of the pandemic, which it said could lead to more than half of its 9,000-strong peak season workforce being axed. The group said head office and UK staff would be affected by the cuts, putting jobs around the region at risk as it operates a number of sites in the North East. SSP runs travel sites for chains such as Burger King, M&S Simply Food and Starbucks, while it also has its own brands, which also includes Millie's Cookies, which has shops in Newcastle's Eldon Square and Gateshead's Metrocentre. It operates the Caffe Ritazza and Upper Crust restaurants at Newcastle Airport, as well as an Upper Crust outlet at Newcastle central station. Read More Related Articles The high street shops which won't reopen their doors when lockdown ends Read More Related Articles Pret A Manger closes prime Newcastle shop as Covid-19 crisis bites In all, SSP has around 570 sites across 130 airport and railway stations in the UK and Ireland, but also has operations in 35 countries worldwide. Chief executive Simon Smith said: "In the UK the pace of the recovery continues to be slow. "In response to this, we are now taking further action to protect the business and create the right base from which to rebuild our operations.

. "These are extremely difficult decisions, and our main priority will be to conduct the process carefully and fairly." The firm has so far not launched any "material" restructuring in its other global operations, as it believes there will be a faster bounce back outside the UK. SSP has seen sales almost entirely wiped out in April and May, down around 95% and, despite a slight recovery in June, revenues were still around 90% lower last month. It recently warned over operating losses of up to £250 million for the second half of its financial year. The firm said despite some tentative signs of a recovery in the travel sector, rail passenger numbers still remain around 85% lower than a year earlier and the air sector has stayed largely closed until recently. It believes that short-haul air travel may see a limited pick-up in July thanks to so-called air bridges between countries over the summer holiday season, but it does not expect a meaningful pick-up in airport and train passenger numbers. Mr Smith said: "The objective of the action that we are proposing today is to ensure that we manage through this pandemic, rebuild our business as demand recovers and, in time, deliver long term sustainable growth for the benefit of all our stakeholders." He added the group will keep open the possibility of opening more sites if it sees sales improve over the summer.

Source = MetiNews.Com

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North East UK news Around 5,000 jobs to go at Upper Crust owner SSP MetiNews.Com


North East UK news Around 5,000 jobs to go at Upper Crust owner SSP MetiNews.Com


North East UK news Around 5,000 jobs to go at Upper Crust owner SSP MetiNews.Com


North East UK news Around 5,000 jobs to go at Upper Crust owner SSP MetiNews.Com

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