Young & Co's Brewery

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
London and other locations
Sector
Hotel / Restaurants
Accommodation And Food Service Activities
Food And Beverage Service Activities
56.30 - Beverage serving activities
500 jobs
Number of planned job losses
Job loss
Announcement Date
1 October 2020
Employment effect (start)
Foreseen end date

Description

Young's, the British pub group has announced that it will make 500 staff redundant at its 270 sites in London and the south of England by the end of October. 

The chief executive of Young’s said coronavirus restrictions such as the 10 O’clock curfew in pubs and people continuing to work from home presented a major 'challenge' for the business and added that the UK government’s new Job Support Scheme did not provide enough support to employers in the hospitality industry.

Young’s was founded as a brewery in 1831. The company runs a variety of venues from pubs to cocktail bars and employs 4,200 people.

Sources

Citation

Eurofound (2020), Young & Co's Brewery, Internal restructuring in United Kingdom, factsheet number 102207, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102207.