Wetherspoon announces £200m expansion plan that promises 10,000 new jobs

Daniel Fowler
December 13, 2019

The cash injection will be spent on developing new pubs and hotels, according to a statement from the group, as well as enlarging its existing pubs in the United Kingdom and Ireland.

In common with other retailers, it has been battling rising costs including a hike in the minimum wage and higher property prices and energy bills.

Tim Martin, founder and chairman of the pub chain, said he was "especially pleased" that most of the investment would be channelled into developments in small and medium-sized towns "which have seen a decline in investment in recent years".

It said it also anticipated that the investment would result in approximately 10,000 new jobs.

It can even be investing in main cities together with London, Dublin, Edinburgh, Glasgow, Birmingham, Leeds and Galway. It said the investment would include about 60 pubs and four or more hotels.

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The jobs that will be created will be a mixture of pub management, bar staff, kitchen staff, and others. It will be a mixture of full time and part time roles.

Wetherspoon is renowned for converting unconventional yet attractive premises into pubs and now employs 44,000 staff.

Shareholder group Pirc argued the chain broke the Companies Act because it did not declare the spending to investors - claims Wetherspoon rejects.

Piric also advised shareholders to oust Martin, who founded the company in 1979, from the board due to his lengthy tenure.

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