NEC Group in Birmingham announce plans for redundancies
The NEC Group in Birmingham has announced redundancy plans after being greatly impacted by Covid-19.
The live events business says it will be undertaking a potential restructure after losing a substantial amount of revenue due to the pandemic.
Prior to the pandemic, the business made £160 million pounds annually. This figure plummeted to almost zero between mid-March and September 2020.
Despite this, the Group still assisted the country’s efforts to combat coronavirus by providing the entirety of the NEC, rent free, to the NHS as a Nightingale facility.
The employer says it will now need to undertake an employee consultation process to ensure the longevity of the business - which will result in job losses.
The NEC Group says it will be formally entering a consultation process with employees about a proposed restructuring in October.
It added: "It is with a heavy heart that as a result of this, we will lose some truly dedicated colleagues and friends that work within the Group."
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