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.
The changes are “designed to simplify [the] business”, the Co-op spokesperson insisted.
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.
“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.”
Andy Burnham and Bev Craig pen hard-hitting letter to Prime Minister over rumoured scrapping of HS2 to Manchester
Andy Burnham and Cllr Bev Craig have penned a hard-hitting letter to Rishi Sunak to “express concern” about the future of HS2.
It comes after alarming reports have emerged this week that the Prime Minister is apparently considering axing plans for the HS2 rail link to run from Birmingham to Manchester amid soaring costs and countless delays.
Former Prime Minister Boris Johnson, Mayor of London Sadiq Khan, and several major business leaders may have hit out at these rumours – but Chancellor Jeremy Hunt has suggested the scheme is currently “out of control”, while former transport secretary Grant Shapps said the Government wouldn’t be able to cope if costs continued on an upward trajectory.
With a decision on the fate of the already-contentious project’s Manchester leg expected in the coming days, the Mayor of Greater Manchester and the Leader of Manchester City Council have joined forces in their stance against the “swirling rumours”.
The pair have penned a hard-hitting letter directly to the Prime Minister to call out the Government’s actions.
Local leaders have always maintained the view that the wrong HS2 solution for Greater Manchester could “damage” and have a wider impact on the north, and this latest letter addressed directly to the Prime Minister by the Mayor and Council Leader only reinforces that stance – with the pair calling it “deeply disrespectful” to residents and businesses in our region that the Government has not offered them a chance to consult on potential scrapping of the service.
Andy Burnham and Cllr Bev Craig say they’ve been “working with the Government for decades” on the HS2 project in order to best “galvanise support” and “maximise the once-in-a-generation opportunity” of the investment into northern infrastructure that offers.
But now, they’re becoming “increasingly concerned” about the Northern Powerhouse Rail (NPR) as a whole.
“At this stage, any change to the current plan for HS2 would have massive ramifications, not just for our city-region, but the North and Midlands too,” Mr Burnham and Cllr Craig stated in their letter.
“Any cancellation of HS2 to Manchester would effectively be cancelling NPR in its current form too, and we therefore find it deeply disrespectful to our residents and businesses that we have not been offered any opportunity to feed our views into this process nor have we received any information about what is being considered.
“We are completely in the dark and that simply isn’t right given how profoundly important this is for our part of the country.”
Mr Burnham and Cllr Craig conceded that whilst it is “reasonable” for any Government to want to ensure HS2 “delivers value for money”, and that prices do not “escalate out of control”, they do not believe the north should “have to pay for the Government’s mismanagement” of the HS2 budget.
“Our purpose in writing, first and foremost, is to ask you for the courtesy of a meeting before any final decision is taken,” the pair continued in their letter to Mr Sunak.
“We believe we are owed that at the very least.
“If you were to agree to that, we would convey to you, in the strongest possible terms, that HS2 should not be scrapped as we believe the north of England needs new North-South and East-West rail infrastructure, and should not be forced to choose between them in the same way that London hasn’t been forced such a choice.
“However, if you are adamant on making changes to the scheme, we could be open to a discussion about prioritising the Northern section of the line, between Manchester Airport and Manchester Piccadilly, so that it enables NPR to be built first.
“This would be conditional on two things – NPR being built in full, with an underground station at Manchester Piccadilly and a new line via Bradford, and a clear commitment that HS2 to Manchester is not being scrapped but re-phased and the protections left in place.
“We believe this is a reasonable proposal to put to you given the circumstances we find ourselves in.
“If you refuse to accept any of what we are saying, we believe that people here will conclude that your promises to level up the North, on which this Government was elected, are utterly meaningless.”
Featured Image – HS2
Iconic Manchester nightclub Panacea reopens as IKaro, a new grill and champagne bar
This week, an iconic Manchester venue will reopen its doors with a brand new concept.
The legendary city centre nightclub known as Panacea is about to reopen as IKaro, a new grill and champagne bar on John Dalton Street.
The move follows an application for planning permission earlier this year and sees a new team into the former popular celebrity hotspot Panacea, which has been closed since 2015.
At the restaurant, diners will find two menus focusing on two different elements, fire and ice. On the first, you’ll find Grilled Lobster Tails, Japanese A5 Wagyu Ribeye, and Australian Wagyu Tomahawk.
On the second an array of Sushi and Sashimi such as Torched Hand Dived Scallops and Bluefin Tuna Otoro.
Behind the menus are talented sushi chef, Lattawan Buchanan, who’s spent time at popular restaurants Ivy Asia and former ‘Masterchef: The Professionals’ finalist, Exose Grant.
Head Chef Exose Grant, said, “Our menu showcases the best of the land and sea. We’ll be using fresh, quality produce in the best possible way. Innovative and impeccably presented dishes that don’t compromise on flavour.”
Behind the bar, you’ll find countless varieties of Champagne including a frequently changing sommelier’s selection of rare bottles which, in keeping with the venue’s reputation as a go-to late-night haunt, will be served up until doors close at 2.30am.
Head of bars, Sean McGuirk, said: “Alongside our extensive ‘by the bottle’ offering, you can expect elevated classic cocktails, as well as some uniquely extravagant options.
“Our team will play with flavours and theatrics to deliver an experience like no other.”
IKaro will mark its launch with a VIP event on Saturday 23 September before doors open to the public on Wednesday 27 September.