Pubs giant axes 1,300 jobs as £123m loss blamed on Covid restrictions

All Bar One owner Mitchells & Butlers have confirmed that about 1,300 jobs have been cut as the pandemic was found to cause an annual loss of £ 123 million.

The pub giant exposed the magnitude of the recent layoffs as the annual results showed the hefty annual losses for the year to September 26 from pre-tax profits of £ 177 million the previous year.

Mitchells & Butlers, which also owns brands such as Harvester and Toby Carvery, said the outlook depended on government restrictions to contain the pandemic.

It said, “The future will remain both challenging and highly uncertain, as the duration and depth of the trade restrictions imposed on the hospitality industry in response to the Covid-19 pandemic are the primary determinant of our financial performance in the first place. “

Phil Urban, CEO of Mitchells, said: “During a very uncertain and challenging year, our businesses and teams have adapted quickly, creating a safe environment for guests and putting us in a strong position to take advantage of when consumers turn off again. to eat.

“We saw direct evidence of this from a strong trading period in July and August before further restrictions took effect.”

“We remain optimistic that we will be able to regain the momentum that we have previously built up and continue to achieve sustainable market performance when current operating restrictions are relaxed,” he added.

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