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Economy
14:16, 1 DEC 2020
Union threatens strike action after accusing company bosses of planning “opportunistic” pay cuts up to £3,000
Unite
Union said 200 SPS Technologies staff were cut in the summer, and 280 left face cuts to overtime, sick pay and paid breaks
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Finally, some GOOD news – bosses say recovery will come within a year of vaccine roll-out
Coronavirus
Some 98% of Midlands mid-sized businesses will fully recover within a year – and two-thirds say within six months
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200 jobs saved after a giftware importer Country Baskets bought out of administration – but 50 jobs lost
Insolvency and Administration
Country Baskets called in administrators after being badly hit by pandemic and lockdowns
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Vaccine progress gives South West businesses 'hope' for 2021
Coronavirus
But many firms are still planning to reduce staff numbers next year as the impact of the pandemic continues to bite
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Economic recovery predicted for North East but jobs numbers will lag
Economy
Ƶ Powerhouse report by law firm Irwin Mitchell and the Centre for Economics and Business Research predicts major growth for Newcastle, Sunderland and Middlesbrough
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Swansea to lead jobs recovery in Wales next year
Employment
Jobs numbers are expected to rebound by just over 8% in 2021
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Business confidence still dropping despite vaccine hopes and partial lockdown successes
Coronavirus
Overall confidence of East Midlands firms fell even prior to latest Tier 3 lockdown
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Leicester Fox’s Glacier Mint factory sold to metalwork firm
property news
The original Fox’s Confectionery business launched in Leicester in 1880
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Barratt Homes brings £98m boost to Bristol, Somerset and Gloucestershire, report finds
Economy
The Social Economic Footprint report examined the housebuilders' social and economic impact over the last 12 months
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Operator for Cardiff's new £150m indoor arena revealed
Economic Development
Work on project will start late next year in Cardiff Bay
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Key North East industries selected to be showcased around the globe
Economy
Healthy ageing, plant-based products, biomanufacturing and heat networks have been added to the Government's High Potential Opportunities programme
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66 new jobs created by British Steel as manufacturing bolstered
Employment
Scunthorpe and Skinningrove to see headcount increased as trainees and manufacturing operations roles created
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East Midlands restaurants, pubs and hotels going into strict Tier 3 lockdown
East Midlands
Worst possible news for pubs, bars, hotels, cinemas, theatres and concert halls - but non-essential shops can open again
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SW businesses partner with Chinese investors on sustainable energy plans
Technology
Aspen Waite China Ƶ and South West Business Council link with South West China Alliance to promote green innovation
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Exeter's Winslade Manor set to become SW's first 10gbps business park
Technology
Developer Burrington Estates and broadband specialist Jurassic Fibre link up for key development around listed building
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Shoe Zone expects £12m-plus hit following lockdown two
Retail & High Street
Four week lockdown in England, a month before Christmas, had affected it at the busiest time in its year
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Farming robot developed to overcome lack of manual labourers
Technology
Spin-out company Robotriks is among cluster of high-tech businesses emerging from the University of Plymouth
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Devon retail park's value falls by almost £10m in just three years
Retail
Torquay's Wren Park was bought by Torbay Council in 2017 as an investment but its value is now much lower
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Building work due to start at Greg Dyke's Victorian fort redevelopment
Housing
Next phase of £26m project to transform historic Devon fort into houses and leisure space begins in early 2021
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Business leaders say SW must fight for share of Sunak's Levelling Up Fund
Economy
Business groups welcome Chancellor's Spending Review announcements but fear region could lose out to Northern England
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'Party political differences will need to be put aside to attract investment' - West Midlands business leaders react to Spending Review
West Midlands
Housing, transport and infrastructure all feature in Chancellor Rishi Sunak's 2020 Spending Review
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David Wilson Homes buys stake in former Sherwood Forest colliery regeneration site
Housing
Thoresby Colliery was the region’s last deep mine and owner Harworth’s masterplan includes homes, jobs and a country park
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Government explains how Chancellor's Spending Review will boost South West
Economy
Rishi Sunak pledges cash for housing, transport, infrastructure and hospitals, but critics worry about public sector pay freeze
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Waste management firm makes £456k new vehicle investment
Environment
Exeter-based DCW says investment is fuelled by surge in demand for its services during the Covid pandemic
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