With the coronavirus pandemic still taking hold of our community, employers across the country are cutting thousands of jobs as the economy continues to suffer.
The worst hit industries in the UK are the retail and hospitality sectors where at least 157,813 jobs have been lost. According to Sky News, the top five industries that experienced large job losses are:
1. Retail – 39,207
2. Hospitality – 38,653
3. Aviation – 34,304
4. Wider economy – 27,081
5. Energy – 9,600
The biggest hit companies are British Airways who cut 12,00 jobs, and M&S who cut a respective 7,950 jobs. Other known retailers who have gone into administration are the Arcadia Group, Bonmarche, Debenhams, Peacocks and Jaeger, DW Sports, Oasis and Warehouse Group.