Category: closures
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Amazon closures a ‘slap in the face’ to Quebec workers, union says
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Breadcrumb links news More than 1,700 full-time employees will lose their jobs as the e-commerce giant closes all of its operations in the province, including its warehouses. Posted on January 22, 2025 • 3 minute read You can save this article by registering for free here. Or log in if…
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UK sees record wave of business closures amid tough environment
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Britain has recorded its highest number of company closures in two decades, with the last quarter of 2024 seeing 198,046 companies removed from the official register. This figure, revealed by research firm Bowhurst, exceeds levels last reached in 2021 and in the wake of the 2008 financial crisis. Henry Worwood,…
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West coast main line faces decade-long closures in multi-billion-pound overhaul
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Britain’s busiest railway line, the West Coast Main Line, is set to undergo a once-in-a-generation upgrade, causing major disruption for up to a decade. Network Rail plans to replace more than 150 miles of aging overhead wire – originally installed in the 1970s – alongside extensive refurbishments of signals and…
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West End retailers warn of shop closures as business rates surge
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Retailers in London’s West End have warned that new business rates reforms could lead to store closures and job losses, as the prime shopping district faces a collective £44.5 million rise in property bills next year. New West End, which represents 600 retail, hospitality and leisure businesses in the area,…
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New Look speeds up store closures as budget fallout bites
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Fashion retailer New Look is set to accelerate store closures as a result of Labour’s tax hike budget, while ‘chicken king’ Ranjit Boparan fights to pass higher costs on to supermarkets – signaling further pressure on UK businesses across the UK. Multiple sectors. It is understood that around a quarter…
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High Street closures set to surge in 2025 as business rates burden grows
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A record number of stores are expected to close their doors this year, with rising business rates cited as the latest blow for many retailers. According to new figures from the Center for Retail Research, store closures could reach 17,349 in 2025, surpassing the 17,145 recorded in 2022 when pandemic…
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Pub closures top 400 in England and Wales as total dips below 39,000
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More than 400 pubs in England and Wales have closed or been repurposed over the past year, taking the total to below 39,000 for the first time. Commercial property company Altus Group says 412 public homes will be demolished or converted to alternative use in 2024, leaving just 38,989 homes…
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Next warns of potential store closures following £30m equal pay ruling
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Next has warned it may have to close its stores after losing a major legal battle over equal pay, which could cost the company more than £30m. The FTSE 100 clothing and homeware chain said in its half-yearly report that the ruling could impact the profitability of individual stores. Last…
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Turkish firms face wave of closures amid economic reckoning By Reuters
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Written by Seda Caglayan and Ezgi Erkoyun COROM, Turkey (Reuters) – It is hard for Dogan Duman to see how he can keep his clothing factory in central Turkey open much longer, even after firing a third of his staff to cut costs that have soared for companies across the…