2.1 C
London
Tuesday, February 7, 2023

Menulog to cut jobs after Deliveroo’s demise

Must read

Simple Energy raises $20 million from investors

Electric Vehicle Startup Simple Energy announced on Tuesday to raise USD 20 million (approximately ₹ 165 crore) from a group of investors as part...

Who is Wes Anderson’s wife, Juman Malouf? His married life, girlfriend and more

Wes Andersenthe director of movies, including Moonrise Kingdom, Fantastic Mr. Fox, The Grand Budapest Hoteland others is married to his wife Juman Maloufa...

RCap Resolution: NCLAT issues notices to Torrent Investments and others at the lender’s plea

The appeals court has ordered the petition to be listed on February 9, 2023 and says the appeal will be heard and decided by...

A single ticket in Washington State wins the $754.6 million jackpot

The lucky owner of a single Powerball ticket in Washington state has won a jackpot worth $754.6 million after matching all six numbers drawn...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Menulog, one of Australia’s few remaining meal delivery companies following the bankruptcy of Deliveroo and grocery delivery start-up Voly, is cutting jobs in Australia as part of a global restructuring of its Dutch parent company.

The Australian-born company, which was acquired from Britain’s Just Eat for $855 million in 2015, scrapped filling at its Sydney headquarters last week but did not disclose how many jobs were lost.

A company spokesperson said Just Eat Takeaway.com, Menulog’s LSE-listed parent company, had restructured its global customer operations team with “some structural changes to correct the ratio of managers and support roles to advisors,” and “a small number of roles” were snow.

“Due to factors such as growth, attrition and technological improvements, there has been a gradual skew over time towards the number of managerial and support roles on the team,” they said.

“To ensure we operate as efficiently as possible, we have made the difficult decision to reduce the number of those management and support roles.

“Locally these are a small number of roles and our focus is now on working closely with each affected individual to support them through this process, offering to assist with re-employment options, securing future employment and generous redundancy schemes that go beyond what is necessary.”

Deliveroo ceased its Australian operations in mid-November and placed the local company under voluntary governance, saying it could not find a way to become profitable without substantial further investment.

Deliveroo’s closure came just days after local grocery delivery start-up Voly ceased operations after burning $18 million in venture capital funding in less than 12 months.

The Sydney-based online supermarket launched in July 2021. It’s the second major collapse in that space, with rival Send falling under voluntary rule in May.

Menulog has been active in Australia for over 16 years, with rapper Snoop Dogg as marketing faces, among others. A spokesman for the company said the company is in good shape financially.

“We have the scale to continue to maintain a strong position in the market and run a sustainable business,” they said.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Simple Energy raises $20 million from investors

Electric Vehicle Startup Simple Energy announced on Tuesday to raise USD 20 million (approximately ₹ 165 crore) from a group of investors as part...

Who is Wes Anderson’s wife, Juman Malouf? His married life, girlfriend and more

Wes Andersenthe director of movies, including Moonrise Kingdom, Fantastic Mr. Fox, The Grand Budapest Hoteland others is married to his wife Juman Maloufa...

RCap Resolution: NCLAT issues notices to Torrent Investments and others at the lender’s plea

The appeals court has ordered the petition to be listed on February 9, 2023 and says the appeal will be heard and decided by...

A single ticket in Washington State wins the $754.6 million jackpot

The lucky owner of a single Powerball ticket in Washington state has won a jackpot worth $754.6 million after matching all six numbers drawn...

WhatsApp allows users to post voice notes as status updates • londonbusinessblog.com

WhatsApp Status, the feature introduced in 2017 as the company's take on Snapchat Stories, has received a number of updates to make it more...