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Economic Development

The companies making redundancies in the º£½ÇÊÓÆµ in 2020 so far- including Cineworld, easyJet and Virgin Money

Thousands of jobs have been lost as businesses in all sectors struggle but retail and aviation are being hit particularly hard

As the economic impact following the global Covid-19 pandemic takes affect, many businesses, large and small, across the º£½ÇÊÓÆµ and around the world, are having to restructure(Image: Getty Images)

Thousands of people in Britain are set to lose their jobs after a raft of companies announced plans to reduce the size of their workforce.

Businesses in all sectors are struggling with the impact of the coronavirus pandemic but retail and are being hit particularly hard.

Many firms across the º£½ÇÊÓÆµ have fallen into administration in 2020, while others are balancing on a knife-edge - many of which are being propped up by the government’s job retention scheme.

The programme has been paying 80 per cent of the wages for nine million workers in the º£½ÇÊÓÆµ, but the scheme will end permanently on October 31 - a time when more redundancies are likely.

It is being replaced with the but that will only help where staff are kept on on a part-time basis.

But which companies have already made the decision to cut jobs?

BusinessLive has taken a look at the firms which have made redundancy announcements so far.