British sandwich chain Pret A Manger will cull about 3,000 jobs which amounts to more than a third of its total staff as part of its plans for staging a turn around of the business amid the novel coronavirus pandemic.
While the majority of the job losses will take place at the company’s stores, some job losses will also happen at the customer support centre of the compny.
During the pandemic, almost all educational institutions have remained closed and most offices have shifted to work from home in order to prevent the spread of the pandemic which has resulted in a slump in demand for the company’s products from commuters and office workers which is a key market for the company.
Earlier this summer, the company had already announced that it would be permanently closing down 30 of its stores.
He was “gutted” to lose so many colleagues, said the company’s boss Pano Christou.
“Although we’re now starting to see a steady but slow recovery, the pandemic has taken away almost a decade of growth at Pret. We’ve managed to protect many jobs by making changes to the way we run our shops and the hours we ask team members to work. I’m hopeful we’ll be able to review all these changes now that trade is improving again,” Christou said.
The stores of the company were forced to be closed for several months during lockdown just like most of its peers. But now with the easing of pandemic related restrictions, demand for the company’s product has remained down.
Compared to the timing that they were kept open prior to the pandemic, the 367 stores of the company in the United Kingdom are now open for significantly fewer hours. The company has also asked staff to reduce their hours.
In August, the weekly sales of the china were around £5.2m which was similar to the level that the company had reported in August 2010 when thesis of the business was considerably smaller.
However a recovery was “clearly under way”, the company said, as the company’s sales have grown by 7 per cent every week since July.
In June, the company had cut about 1,000 jobs but after finalizing a restructuring deal this week, the number has increased significantly.
There are numerous other companies in the hospitality sector to announce cuts because of the impact of the pandemic.
Industry body UK Hospitality says around a third of restaurants and bars have still not reopened despite the easing of lockdown, as people remain nervous about the spread of the virus.
(Adapted from BBC.com)