Pret A Manger will cut a third of its UK workforce after 74% sales slump
Pret a Mangersaid it will cut around 2,800 jobs in its UK stores after weekly sales dropped to 2010 levels – when the chain had half as many branches.
- The UK coffee and sandwich chain relies heavily on trade from commuters, who are now largely working from home.
- Pret had already announced the permanent closure of 30 stores.
Sandwich shop chain Pret A Manger will cut more than a third of its UK workforce following a coronavirus sales slump.
The chain will cut around 2,800 jobs in stores, and around 90 support staff. This is a rise from the 1,000 jobs it said in July that it would cut.
Pret's stores have reopened as COVID-19 restrictions have eased, but the UK-based
The chain reported weekly UK sales of around £5.2 million ($6.9 million) in August — similar to its earnings in August 2010, when it had half as many UK stores.
Pret had previously announced that 30 of its 440 UK stores would close by 2021 after its March to late June sales fell by 74% compared to 2019. It has reduced opening hours for other stores and cut staff hours by 20% in some locations.
Pano Christou, chief executive, said he is "gutted" to lose so many colleagues, but that the chain was starting to see a "steady but slow recovery."
Representative body UK
- Elon Musk and more than 1,000 people sign an open letter calling for a pause on training AI systems more powerful than GPT-4
- A second giant 'hole' has appeared on the sun, and it could send 1.8 million mph solar winds towards Earth
- We used ChatGPT to plan international trips - here’s a tour of the results!
- IPO fundraising hit a 9-year low in Q4 of FY23: Prime Database
- Mobile payments pioneer Paytm ‘deeply rooted in India’ — social media users hail Paytm’s QR strength that powers India’s small merchants
- US visa rules ease: Now H-1B visa holders' spouses can work in the US
- Centre gives full basic customs duty exemption on import of drugs for rare diseases
- Rev your engines: Honda Activa 125 2023 launched in India with new features and variants