News & Analysis as of

Layoffs United Kingdom

Robins Kaplan LLP

Financial Daily Dose 1.22.2021 | Top Story: Google Threatens to Pull Search From Down Under Over Proposed Law

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Google has threatened to pull its search engine from the entirety of the Australian continent “if the government approved legislation that would force tech companies to pay for journalism shared on their platforms.” Facebook...more

Dechert LLP

Further guidance on who can be furloughed

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Following the recent announcement of the new national lockdown and the closure of schools, there will be many employees who are, again, struggling to juggle the demands of work and home schooling their children.  ...more

White & Case LLP

Replacing Pay with Equity to Preserve Cash in a COVID Economy

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As pandemic effects linger, companies intent on avoiding layoffs are looking at compensating workers with equity in lieu of cash as part of their pay. In August 2020, the United Kingdom began winding down its Coronavirus...more

Robins Kaplan LLP

Financial Daily Dose 10.1.2020 | Top Story: Palantir and Asana Make Strong Showing In Direct Listing Public Debut

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Palantir’s direct listing experiment generally went well yesterday, with the company’s shares beginning trading up nearly 40% from the $7.25 reference price set Tuesday evening. Fellow direct lister Asana also had a good...more

Fisher Phillips

UK Job Support Scheme Set to Begin in November 2020

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The UK government recently announced a new Job Support Scheme, which will replace the UK Coronavirus Job Retention Scheme (the “Furlough Scheme”) upon its expiration on October 31, 2020. The Furlough Scheme has been in place...more

Morrison & Foerster LLP

Employment Issues For Distressed Businesses: Initial Pointers For GCs

The announcements this week about the closure of 125 Frankie and Benny’s outlets, 35 Monsoon Accessorize shops, and the thousands of resulting job losses highlight the difficulties facing businesses in the wake of the...more

Littler

COVID-19 Considerations for UK Employers

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As the spread of the novel coronavirus COVID-19 continues to accelerate, employers are facing significant challenges to their business and their workforce. Employers are faced with an onslaught of employment law changes –...more

Morgan Lewis

Furlough Developments: Updated Guidance on UK Coronavirus Job Retention Scheme

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The UK government published updated guidance on the Coronavirus Job Retention Scheme on 4 and 9 April, providing clarity on such issues as which employees can be furloughed, what activities are permissible during furlough...more

White & Case LLP

COVID-19 – Key UK Employment Issues Guidance Note

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Companies and their workforces are in unprecedented circumstances, with COVID-19 changing situations and advice on a frequent basis.  In this alert, we have set out below the key issues faced by employers across the UK and...more

McGuireWoods LLP

UK Government Guidance On Coronavirus Job Retention Scheme

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Her Majesty’s Revenue and Customs (HMRC) recently published further guidance on the UK government’s Job Retention Scheme (JRS) during the coronavirus crisis. Eligibility and entitlements under the JRS- The JRS is open...more

McDermott Will & Emery

UK Coronavirus Job Retention Scheme Details Announced

Since the 20 March 2020 announcement of the temporary Coronavirus Job Retention Scheme, which is intended to support UK employers whose operations have been severely affected by Coronavirus (COVID-19), the UK government has...more

Goodwin

10 FAQs for UK Employers Responding to the Coronavirus Job Retention Scheme

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As governments across the globe announce emergency measures to stop and contain the impact of COVID-19, employers are also taking urgent steps to manage its financial impact and to survive, by cutting employment costs. A...more

Orrick - Employment Law and Litigation

UK Coronavirus Job Retention Scheme – The Details Have Landed

One day after the Coronavirus Act was passed (which brought in the new SSP rules), we have finally received guidance from the Government on the announced Coronavirus Job Retention Scheme and how it will work. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Announces COVID-19 Job Retention Scheme

The COVID-19 crisis has led to much uncertainty regarding continuing pay for employees who are unable to work from home, as well as overall job security, in the face of employers’ financial uncertainty....more

McDermott Will & Emery

UK Government Provides COVID-19-Related Tax and Financial Support for Businesses

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On March 17, the UK Chancellor of the Exchequer, Rishi Sunak, announced an unprecedented £330 billion package, equivalent to 15% of UK gross domestic product, of government-backed and guaranteed loans to support businesses,...more

Fisher Phillips

Prime Minister Boris Johnson Urges UK Residents to Stay Home

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UK residents are being urged to stay home and work from home if possible. This request comes after bars, restaurants, and gyms have since been closed in the UK to curb the spread of COVID-19. In order to help businesses and...more

Hogan Lovells

EU Commission adopts Temporary Framework for State aid to support the economy in the current COVID-19 outbreak and approves...

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The COVID-19 pandemic has hit the European economy with brute force. Many businesses are facing drastic declines in revenues and are in urgent need of liquidity. Some have imposed temporary lay-offs or even face insolvency. ...more

Morgan Lewis

COVID-19 – Important Additional Considerations for UK Employers

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Further to our previous updates on how employers should respond to the coronavirus (COVID-19) emergency, this LawFlash discusses the measures UK Chancellor Rishi Sunak announced on 20 March regarding the new Coronavirus Job...more

Littler

UNITED KINGDOM: COVID-19 (Coronavirus) – Employer FAQs

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The spread of the novel coronavirus (COVID-19) across the globe remains a significant concern in the workplace. Employers are confronting difficult questions regarding how to handle safety and health rules, travel...more

Robins Kaplan LLP

Financial Daily Dose 1.28.2020 | Top Story: Markets Tumble as Fears Spread Over Coronavirus Epidemic

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A mounting death toll (over 106 and counting) and fears of a coronavirus pandemic sent markets tumbling early on Monday and kicked off a selloff that continued all day....more

Robins Kaplan LLP

Financial Daily Dose 10.29.2019 | Top Story: AT&T Reaches Accord with Elliott Management to End Activist Challenge

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AT&T announced yesterday that it’s resolved an ongoing battle with activist Paul Singer and his Elliott Management by agreeing to keep CEO Randall Stephenson on the job through “at least 2020,” with the chair and CEO roles to...more

Littler

Littler Lightbulb: Highlighting Recent Developments Across Europe

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Our European practice, spread across 13 offices in the region’s most robust economies, can provide a single point of contact for clients’ global labor and employment needs. Here we highlight significant labor and employment...more

Robins Kaplan LLP

Financial Daily Dose 7.9.2019 | Top Story: Deutsche Bank Cuts 18,000 Jobs Globally

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Lots more details on what turned out to be something of a bloodbath for Deutsche Bank employees around the world, with the bank starting to make good yesterday on its plans to cut nearly 18,000 employees worldwide – NYTimes...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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British and EU negotiators have reached a draft Brexit deal that PM May now needs to sell to her “deeply divided” cabinet. Not that her challenges would end there, mind you, as any deal would then face a skeptical Parliament...more

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