Managing the long-term key HR and Health & Safety effects of COVID-19
The hospitality sector has been one of the hardest hit sectors by the pandemic. Restrictions on trading have significantly impacted hospitality business turnover. Ongoing fixed costs and accumulating debt alongside persistent low revenues and cash reserves are a major concern for the sector.
The number of jobs on furlough under the CJRS in the food & accommodation sector peaked on 10 April 2020, at 1.6 million jobs. From April to October, the number of furloughed jobs fell significantly. However, there have been increases due to two separate national lockdowns since October. On 31 January 2021, 56% of eligible jobs in food & accommodation were furloughed under the CJRS, compared to 16% across all industries.
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