The UK’s biggest pub company is reportedly gearing up for job cuts in response to increasing cost pressures.
This follows a report from The Telegraph that Stonegate has enlisted restructuring firm AlixPartners in recent months to provide advice on cutting up to 150 jobs across its head office and central functions.
A spokesperson for the Be At One owner confirmed: “Over the past two years, the size of our managed estate has decreased, while our pub partners and craft union divisions have grown, necessitating a smaller central support function.
“This, combined with rising costs, particularly after the recent Budget, means we must reorganise our support functions to reflect the shape of our business today. We recognise that this is a difficult time and we are committed to supporting our colleagues with care and fairness as we consult with the business on the proposed changes.”
In July 2023, the Slug and Lettuce owner announced plans to cut “up to 260 roles” as part of a strategic review of the organisation.
Earlier that February, the company signaled plans to sell approximately 1,000 of its pubs.
Stonegate, owned by private equity firm TDR Capital, became the UK’s largest pub company following its acquisition of rival chain Ei Group in March 2020.
