Pub giant Stonegate considers job cuts

The UK’s largest pub company is believed to be preparing for job cuts amid rising cost pressures.

It comes after The Telegraph reported Stonegate had brought on restructuring specialists AlixPartners in recent months to advise on up to 150 job cuts 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 had also planned to make “up to 260 roles” redundant following a strategic review of the organisation.

In February that year, the company had indicated its intention to sell around 1,000 of its pubs.

Stonegate is owned by private equity firm TDR Capital and became the largest pub company in the UK when it acquired rival chain Ei Group in March 2020.