UK NEWS: UK pub staff members report losses, job cuts as lockdown pain increases

The current closure in England started on November 5 and is expected to end on December 2, but difficult restrictions are expected to continue in many areas, and restaurants and restaurants in the third most difficult category will be allowed to open only where it will be taken.

British pub operators Mitchells & Butlers and Fuller, Smith & Turner sent millions in financial losses on Thursday and said they had cut nearly 2,000 jobs as the hospitality industry opened up from last month’s tightening of Covid-19 limits.

The largest of the two, M&B, which owns All Bar One, Harvester and Brown, said it had reduced its jobs by 1,300. Fuller’s said the total number of employees had been reduced by 20%, resulting in about 990 job losses.

Companies have said they have enough resources to work in the foreseeable future, but unfavorable conditions cast doubt on their ability to continue as future concerns.

“We are optimistic about the future in the medium and long term, but there is no doubt that this will be a difficult winter,” Fuller chief executive Simon Emeny said.

Some in the industry have already laid off their staff, with Marston’s goal of cutting 2 150 jobs and cheap beer expert J D Wetherspoon cutting staff at its headquarters and airports.

Pubs, restaurants and hotels have been among the worst hit by the Covid-19 epidemic, with social evacuation measures and deteriorating home space even when facilities have not been forced to close completely with lockdowns.

The current closure in England started on November 5 and is expected to end on December 2, but difficult restrictions are expected to continue in many areas, and restaurants and restaurants in the third most difficult category will be allowed to open only where it will be taken.

M&B reported a fixed loss of the $ 32 million pretax for the year ended September 26 and Fuller’s loss of the first half of the $ 22.2 million.

With 1.56 billion pounds in total debt since September 26, M&B in June agreed to review its financial plans with its major lenders to tighten reserves after avoiding debt default in April.

Fuller’s, on the other hand, said it hoped it could secure updates to its credit agreements beyond December and get credit lines beyond August.

Shares of companies listed in London remained focused on morning trading, with M&B on the verge of losing about 50% of its market value and Fuller’s 24% this year.

M&B employs about 44,000 people at 1,700 pubs in the United Kingdom, while Fuller’s employs 4,957 according to its latest report.

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