Whitbread expresses plans of slashing its workforce by 6,000 jobs

Whitbread plc (LON: WTB) expressed plans of slashing its workforce by 6 thousand jobs on Tuesday due to the Coronavirus pandemic that continues to weigh on the global travel and hospitality sector. The announcement comes just when the state-backed job support scheme is coming to an end. Shares of the company were reported trading about 4% down in premarket trading on Tuesday. On market open, Whitbread gained 1% and is now exchanging hands at £20.40 per share versus a low of £18.08 per share in March when COVID-19 brought travel and tourism to a near halt. Trading stocks online is