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Whitbread Expects To Cut Significantly Fewer Jobs Than Previously Announced

Published on Nov 15 2020 10:00 AM in Hotel tagged: Trending Posts / Whitbread / Premier Inn

Whitbread Expects To Cut Significantly Fewer Jobs Than Previously Announced

Premier Inn owner Whitbread has said that it expects to cut significantly fewer jobs at its hotels and restaurants than the 6,000 job cuts it announced in September.

Net Impact

Whitbread said that the net impact of the layoffs on its cost base remains the same as originally estimated, adding that the newly extended government job retention scheme will help in cushioning the impact of the COVID-19 pandemic.

One-Off Costs

Whitbread had said that it expected one-off costs from the layoffs to be approximately £12 million to £15 million.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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