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30 Jun, 2020 23:17 30 Jun, 2020 23:18

Upper Crust owner SSP to announce thousands of job cuts - report

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Upper Crust owner SSP will reportedly announce plans to cut thousands of jobs on Wednesday as it looks to deal with the fallout from the coronavirus pandemic.

According to Sky News, the company - which operates food outlets at airports and train stations in 35 countries - intends to axe up to 5,000 jobs, making more than half of its UK workforce redundant.

In a message circulated among staff on Tuesday and seen by Sky, the company said it had "come to the very difficult conclusion that we will need to simplify and reshape our business and, from tomorrow, we will be starting a collective consultation on a number of proposed changes to the business".

"This includes a proposed reorganisation which could lead to a headcount reduction of up to c.5,000 across SSP Group, SSP Finance and SSP UK, which includes all head office colleagues and both salaries and hourly paid colleagues in operations."

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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.