Tradeteam set for further job cuts as pandemic continues to decimate hospitality sector


 

DHL Supply Chain subsidiary Tradeteam is bracing itself for further job cuts and losses of up to £7m as a result of the impact of the Covid-19 pandemic on the hospitality sector. Reporting its latest annual results, to the 31 December 2019, the company, which specialises in drinks distribution, warned that the pandemic will have a long-term impact on the hospitality sector, with volumes expected to “never recover to historic levels”. It warned that it expects to recognise additional onerous […]