Premier Inn owner to cut 3,800 jobs in savings plan
Summary
Whitbread, the company that owns Premier Inn hotels, plans to cut 3,800 jobs in the UK and Ireland as part of a five-year plan to save £250 million. The company will change its restaurant services and reduce its building expenses by £1 billion to improve efficiency.Key Facts
- Whitbread owns Premier Inn, the UK's largest hotel chain with 86,000 rooms.
- The company will cut 3,800 jobs as part of its cost-saving plan.
- Whitbread will replace restaurants at 197 hotels with a new food and drink service model.
- The company aims to save £250 million and cut £1 billion from its building projects.
- Increased business costs, like rates and national insurance, influenced these changes.
- Whitbread employs 30,000 people and plans to consult staff and try to redeploy many affected workers.
- Last year, 88 jobs were cut when a call center moved to Egypt, and 1,500 jobs were cut earlier in 2024.
- The company’s pre-tax profit for the year ending February 26 was £298 million, down 19% from the previous year.
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