British Airways has suspended all routes from London Gatwick and London City airports, and has moved all operations into terminal 5 at London Heathrow. The airline currently plans on resuming 50 per cent of its flights from July. On April 28, BA’s parent company IAG said it was preparing to cut 12,000 jobsfrom the airline’s 42,000-strong workforce. easyJet has grounded its entire fleet of 330 aircraft and cancelled all flights. It plans on restarting a small number of flights in the UK and France from mid-June. On May 28, easyJet announcd plans to reduce its workforce by 30 per cent, meaning up to 3,000 jobs at the airline could be lost. Flybe collapsed into administration on March 5. The airline had been losing money for several months, with it narrowly avoiding going under in January 2020, but coronavirus was understood to have had a severe impact on bookings. Jet2 has cancelled all flights and holiday packages until June 17. The airline … [Read more...] about EasyJet to cut up to 4,500 jobs as part of plans to reduce workforce by 30% due to coronavirus
Workforce unemployment number
Yaquelin, who asked that her last name be withheld for fear of repercussions from future employers, from Tamarac, Florida, was laid off once lockdowns in the state began by the three families that employed her as a nanny and cleaner. She is unsure of whether she will be able to work for the families again once the pandemic subsides or how that work will affect her health. … [Read more...] about ‘I don’t have one cent left’: Hispanic Americans hit hardest by layoffs
Give hope to young people The call of those committed to action to help young people was relevant and timely (“An open letter: why we need a National Youth Corps”, Comment). The idea of a Youth Corps is not new. From 1998, the New Deal for the Young and Unemployed incorporated a range of options to tackle head on youth unemployment, following the Labour victory. As education and employment secretary, I and colleagues could take this forward because of the investment made available by Gordon Brown through the levy on the profits of the utilities. What was interesting in terms of the take-up (up to 100,000 in the first year) was the desire of young people to rejoin education and training, but their lack of enthusiasm for opportunities where they could not see a medium-term prospect of a job. … [Read more...] about Letters: Dominic Cummings’ actions damage public trust
China's economy shrinks for first time in decades BBC News - Global Questions, Coronavirus Crisis - China Why does China’s economy matter to you- - BBC News Coal consumption by six major power generators surged back to historical norms after May's "Golden week" holidays, according to investment bank JP Morgan. It currently stands 1.5% above the historical average, suggesting that power demand has returned to normal. … [Read more...] about How bad are China’s economic woes?
'We need to do this in a way that’s thoughtful and responsible, so we’re going to do this in a measured way. But I think that it’s possible that over the next five to 10 years – maybe closer to 10 than five, but somewhere in that range – I think we could get to about half of the company working remotely permanently.' … [Read more...] about Google will begin phased reopening of its city-based offices from July as London firms continue preparations to get staff safely back to workplaces after lockdown