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Tesco plans head office restructure with job cuts
Tesco plans to cut 180 roles at its Welwyn Garden City headquarters as part of a restructuring aimed at adapting to changing shopping habits and improving efficiency. The supermarket said the proposals will also create around 250 new roles within existing teams, although details have not been disclosed. Chief executive Ken Murphy said the business…
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Australian real estate firms optimistic as office attendance rises
Office landlords in Australia’s major cities are experiencing a boost as over 80% of workers in Sydney and Melbourne are now in the office at least three days a week, exceeding mandated levels. Factors such as enhanced collaboration opportunities and improved office amenities, including gyms and cafes, have motivated employees to return to the workplace…
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Job vacancies fall to five-year low
Job vacancies in Britain have fallen to their lowest level in five years, with Adzuna reporting just 694,940 roles advertised in January, down 16% year on year. Graduate vacancies dropped below 10,000 for the first time since 2016, while youth unemployment rose to 16.1%, the highest in over a decade. Rising national insurance costs, minimum…
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UK unemployment soars to five-year high
UK unemployment has reached 5.2%, the highest level since early 2021, according to the latest labour market data. The jobless rate increased from 5.1% in the previous quarter, with 130,000 fewer workers on payrolls over the year. Young people, disabled people and men are bearing the brunt of the rise. Earnings growth also slowed, with…
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Universities face compensation claim over COVID disruptions
More than 170,000 students in England and Wales are pursuing legal action against dozens of universities, claiming compensation after their courses were moved online during COVID-19. The cases follow a confidential settlement between University College London and 6,000 affected students, and are being pursued under consumer law on the basis that students paid for in-person…
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Workers turn to trades
The Times highlights a growing trend of workers leaving white-collar jobs for trades – a shift driven by the rise of AI. Data shows that early careers job advertisements have fallen by almost a third since ChatGPT was launched in 2022, while around 40% of recent graduates are already “underemployed” in jobs that do not…
