Around 20,000 jobs have been created by big banks in the UK to deal with the servicing of Payment Protection Insurance (PPI) claims and interest rate hedging, according to employment group Manpower. Compensation claims that have been haunting the biggest banks across the UK have resulted in the massive recruitment drive. The figure excludes the posts created by the various Claims Management Companies which aid customers seeking compensation.

Honda announces 800 job cuts at its Swindon manufacturing plant in the UK, following a drop in the demand for the Japanese carmaker’s vehicles across Europe. Honda, which has been making cars in the Britain since 1992, had never had job cuts before in the UK. The Honda job cuts are said to take place in the second quarter of 2013. Honda broke the news to its 3,500 employees this morning, saying that…

The UK employment is said to reach 30 million by 2015, as the number of people working will continue to grow in 2013, defying a weak economic period. The reason for the rise remains difficult to explain, says the latest analysis of Chartered Institute of Personnel and Development (CIPD). Latest employment figures showed there were 29.6 million people employed in the quarter to October, an increase of almost half a…

The UK unemployment rate fell to its lowest level in a decade falling by 82,000 in the three months from August to October to 2.51m, as the private sector created jobs faster than they were being shed in the public sector, according to Office for National Statistics. The UK unemployment rate, which fell for four consecutive months until July, stood at 7.8%, down 0.2 percentage points from the previous three months. After a…

Royal Mail UK is planning to create over 1,000 jobs over the next four years under its £75 million investment programme for its parcels business, which is threatened by the growth of internet retailers who are engulfing the mailing system. Royal Mail’s £75 million investment in its UK express parcels business comes as packages become increasingly important to the company, against a glum backdrop of plunging numbers of letter as against email which…

Thomas Cook, the debt-laden travel operator, is planning to cut 430 jobs, while selling off four of its UK aircrafts, in a bid to cut costs to get rid of its £1.3 billion net debt. Thomas Cook, the second largest charter flight company in the UK, has no plans of renewing the leases on four of the 35 strong fleet, which Thomas Cook had planned to use during the winter…

Marks & Spencer is launching a new 900,000 square feet distribution centre in Castle Donington in early 2013, which will see the retailer create 1,000 jobs for the differently-abled people. Touted to be the largest e-commerce warehouse in the UK, the center will have new job roles from engineers to warehouse operatives to management. The warehouse will distribute two million clothing and home products per week to customer homes and…

Sports retail chain JJB Sports has fallen into administration, jeopardising 4,000 jobs at the company’s 180 stores, while bringing the shares of the company to a new low, after a 93% fall this year, as shareholders refused to bailout the sinking company. As administrators attempt to sell the remaining assets, the company’s stores will remain open during a prepack sales period. The company has eight bidders queuing up to own…

Unilever, the consumer goods giant, has confirmed plans to lay-off 350 employees as it shuts down three plants in Wales, putting manufacturing sector in Wales in doldrums. Unilever plans to close factories at Swansea, Bridgend by the end of 2013, affecting 250 jobs. Unilever’s Swansea factory makes personal care products, the Bridgend site is dedicated to distribution. Expressing deep regret for the job losses, Swansea AM Mike Hedges said, “Although…

Unemployment across the 17-nation eurozone scaled new heights in July with 18 million or 11.3%, the highest since the launch of Europe’s monetary union in 1999, according to Eurostat, the European Union’s statistical office. The statistics reveal that 22.6% of unemployment was seen among under 25s. The total number of people who turned jobless in July increased by two million, as compared to the same period last year. The sharp…