Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic resetPremier Inn owner Wh
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Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic reset
Premier Inn owner Whitbread is to cut about 3,800 jobs in the UK and Ireland and shut its remaining Beefeater and Brewers Fayre restaurants as it resets its five-year business strategy, amid tax rises and pressure from a US activist investor.
The cuts will affect about 12% of Whitbread’s 30,000-strong workforce in the UK and Ireland working in its Beefeater and Brewers Fayre restaurants, which are usually located next to, or inside, Premier Inn hotels. The company said consultations with affected employees would begin immediately.
Continue reading...Source: Guardian - World News
