Closing post
Time for a recap….
Unemployment in the eurozone has fallen back to a record low of 6.4% in November, despite signs that Europe’s economy is struggling.
BlackRock has warned there could be a bond market revolt if UK political parties promise much greater spending or unfunded tax cuts in a bid to win this year’s election.
Hays, the global recruitment consultants, has reported a slowdown in demand at the end of last year, knocking its fees by 15% in December.
The fast fashion company Boohoo is considering closing a factory that it set up in Leicester as a model for its efforts to improve the treatment of workers making its clothing.
The struggling online retailer is consulting with up to 100 workers at the site just two years after it was opened to great fanfare with the intention of using it for “supplier learning and development”, creating 170 jobs.
At least some of those roles are understood to be linked to manufacturing. Staff working on quality assurance and ethical compliance that are also based there are expected to be moved to another site in Leicester, in the change, which was first reported by Drapers trade journal.
A spokesperson for Boohoo Group, which owns the Debenhams, Pretty Little Thing, Oasis and Burton brands as well as its main label, said: “We opened Thurmaston Lane in January 2022 to support [Boohoo] in several ways, including manufacturing, printing and training.
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