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Co-op announces plans to cut 400 jobs at its HQ in Manchester

The group blamed its decision to cut jobs on a "tough trading environment".

Emily Sergeant Emily Sergeant - 22nd July 2022

The Co-op has announced plans to cut 400 jobs, and has blamed a “tough trading environment” amid the rising cost of living crisis.

The group has confirmed that the majority of the job cuts will be made at its state-of-the-art headquarters at One Angel Square in Manchester city centre – where 4,000 employees are based – and it said it intends to do this through a mixture of redundancies and by not filling vacancies.

A spokesperson for the Co-op group said the decision to axe roles at its Manchester-based HQ had made “with a heavy heart”.

It blamed a “tough trading environment” as the reasoning behind the decision.

The announcement of job cuts comes after the company had warned in its last set of annual results that making the business “more efficient and cost-effective” was a “priority” going forward, and revealed that it had brought forward plans for “rationalisation”, with 2023 earmarked for this, according to The Business Desk.

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The changes are “designed to simplify [the] business”, the Co-op spokesperson insisted.

The group blamed its decision to cut jobs on a “tough trading environment” / Credit: The Co-op Group (via Flickr)

Announcing the decision to axe roles, a spokesperson for the Co-op said: “The tough trading environment, including rising inflation, means we have taken the difficult decision to bring forward some of the changes we had planned for 2023.

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Read more: Inflation hits new 40-year UK high of 9.4% amid cost of living crisis

“These changes will sadly mean a number of colleagues in central functions will leave the business, but there are no changes to customer-facing roles and, where possible, we will reduce roles by not filling vacancies and through preferences to exit.”

They concluded: “We make these changes with a heavy heart, but it is the right thing to do for the long-term health of our Co-op and for all of our members.”

Featured Image – The Co-op Group (via Flickr)

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95% of Mancs apparently want the city to be ‘cashless’, new study reveals

Emily Sergeant Emily Sergeant Contactless payment

An eye-opening new study has found that only 5% of Mancs still use cash as their preferred method of payment nowadays.

It comes as no surprise that cash is less of a ‘king’ nowadays than it used to be, but now a new report by global financial technology company SumUp has suggests that only 5% of people in Manchester prefer to pay with cash, while 59% choose debit and credit cards, so that leaves one question… is Manchester on its way to becoming a cashless city?

To discover how payment preferences are evolving, SumUp conducted a nationwide survey to gather insights from UK consumers about their payment habits.

The company was particularly intrigued to not only discover payment methods people prefer, but what their concerns around certain payment methods, alongside how they feel about businesses that don’t accept digital payments.

95% of Mancs apparently want the city to be ‘cashless’ / Credit: Mylo Kaye (via Unsplash) | Pexels

Firstly, before we go any further, it’s important to note that almost two thirds (63%) of Manchester residents said they have changed the way they make payments over the past year.

Unsurprisingly, debit and credit cards remain the top choice for the majority of Mancs, with over half (59%) saying it was their preferred method of payment, followed by mobile payment methods such as Apple Pay and Google Pay at 24% – which is likely thanks to their ease of use and the ability to have multiple cards on one device.

While a third (31%) of Mancs said that they ‘don’t mind’ cash and still opt to carry it for situations where digital payments aren’t an option, a growing number of people in the city are feel that digital payments are more favourable, with 25% thinking that businesses should adapt to modern payment methods and whilst 28% finding it ‘inconvenient’ when a business doesn’t accept digital payments. 

A further 11% of people even say that cash-only businesses wouldn’t be an option they’d consider, and would actually avoid them wherever possible.

Card payment
Only 5% use cash as their preferred method of payment / Credit: Rawpixel

When it comes to concerns around digital payment methods, where do Mancs stand then? Well, the survey found that a third (33%) of people are worried about their reliance on technology, especially being unable to pay if their phone dies, for example, while an additional 32% of people are concerned about security risks such as hacking, fraud, or stolen card details.

Among other things, 26% of survey respondents also said they worry about the privacy aspect of digital banking and the tracking your data.

“While debit and credit cards continue to dominate as the preferred payment method, it’s clear that cash is slowly declining in use, particularly among younger generations,” Corin Camenisch, who is the Marketing & Growth Lead at SumUp, commented on the report.

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“That said, cash still holds its place for many.

“Looking ahead, we can anticipate a rise in innovative payment methods like digital wallets, especially as younger consumers increasingly embrace the convenience and flexibility they offer.”

Featured Image – Pavel Danilyuk (via Pexels)

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Met Office predicts UK is set for ‘hotter than average’ summer

Emily Sergeant Emily Sergeant Sunbathing in the park

The Met Office is predicting that the UK is set for a ‘hotter than average’ summer this year.

Fresh off-the-back of the news that 2025 is already the hottest spring on record, with a recorded 630 hours of sunshine from 1 March until 27 May, beating out the previous sunniest spring in 2020 by just four hours, the Met Office is now predicting that the UK is on the verge of a summer that’s ‘hotter than usual’.

According to its three-month outlook, the Met Office has predicted that it’s 2.3 times more-likely than ‘normal’ that it will be hot in the UK between 1 June and 31 August.

The average temperatures during those months are set to range from 10-17°C.

After it was revealed that this has also been the UK’s driest spring in more than a century, meteorologists are warning Brits that there could heatwave conditions could be reached at various times throughout the summer.

The release of the long-range forecast – which gives an indication of possible temperatures, rainfall, and wind speed over a period as a whole – comes after temperatures soared to 8°C (46F) above the average for this time of year this Saturday just gone (31 May).

It is important to note, however, that the Met Office thinks these predicted temperatures are similar to those in recent years, and it does not guarantee ‘prolonged’ hot weather.

The Met Office is predicting that the UK is set for ‘hotter than average’ summer this year / Credit: Mylo Kaye (via Unsplash)

The Met Office said in a statement: “While the current three-month outlook shows an increased chance of a hot summer, the temperature signals for this summer are similar to those for recent years and consistent with our warming climate.

“The increased chance of hotter than average temperatures is not a guarantee of prolonged hot weather or heatwaves, but it does mean that heatwave conditions could be reached at times.

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“However, it’s important to bear in mind that an increased chance of hot conditions could also reflect a mix of hot and cool days, warm nights, or less extreme levels of warmth rather than continual heatwave conditions specifically.”

Featured Image – Garry Knight (via Flickr)

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