Sir Philip Green's Arcadia retail empire has apologised after claims
it would pay some head office staff only half of their redundancy pay. All affected employees would get full pay, the firm said.
High Street retail is one sector of the UK
economy that has been hit hard by the coron-
avirus crisis, with shop closures during lock-
down followed by reduced footfall in shops.
While retail sales rebounded in July, rising above pre-pandemic levels, the ONS said clothing shops had been the worst hit
during the pandemic and the volume
of sales remained 25.7% lower than
in February.
To try to soften the coronavirus
blow to the economy, in March the government put in place the Coronavirus
Job Retention Scheme, which paid 80% of
the wages of workers placed on leave, up to a
maximum of £2,500 a month.
That scheme has been winding down and, from the beginning of September, companies using the scheme have had to start contributing to workers' wages.
The statement said it had been forced to make "many tough decisions" during the coronavirus pandemic, including the restructuring of its offices.
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