Debenhams announces 2,500 jobs to go
By Rob Freeman | 11th August 2020
Debenhams is cutting 2,500 jobs from stores and warehouses in a move it says was giving the company "every chance of a viable future".
Some of the job cuts will be part of a management restructuring process with the scrapping of sales manager and other roles with its distribution centre also affected.
No fresh store closures are planned as part of the move.
The troubled retailer, which entered administration for the second time in 12 months earlier this year, said: "We have successfully reopened 124 stores post-lockdown and those are currently trading ahead of management expectations.
"At the same time, the trading environment is clearly a long way from returning to normal and we have to ensure our store costs are aligned with realistic expectations.
"Those colleagues affected by the redundancy have been informed and we are very grateful to them for their service and commitment to Debenhams."
The company statement continued: "Such difficult decisions are being taken by many retailers right now and we will continue to take all necessary steps to give Debenhams every chance of a viable future."
Debenhams employs around 14,500 staff before these latest cuts.
Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.