for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Pret A Manger to cut 400 more jobs as trading worsens

LONDON, Oct 16 (Reuters) - British coffee and sandwich chain Pret A Manger said on Friday trading had slowed further in recent weeks as a result of government curbs to stem a second wave of COVID-19 and it would likely cut a further 400 jobs.

Owned by investment group JAB Holdings, Pret cut 2,800 jobs or a third of its workforce in August.

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up