Brexit

Millennium & Copthorne Struggles to Recruit EU Staff - BBC

Excerpt from BBC

Hotel group Millennium & Copthorne has said Brexit uncertainty is making it difficult for its London hotels to recruit EU workers.

The luxury hotel chain said more than half of its workforce in London currently came from the EU.

Its comments came as it said profits fell to £106m last year, a 28% drop from £147m in 2017.

The company also blamed the US-China trade war, minimum wage levels and competition from Airbnb for its woes.

In the fourth quarter of 2018, its profits dropped 76% to £7m.

In its latest results statement, Millennium & Copthorne said: "Concerns about Brexit have affected the Group's UK hotels especially in London, where the hotels started to face difficulties in recruiting EU workers which currently comprise more than half of the London workforce." 

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