Debenhams to cut 320 management jobs
8th February 2018
Department store chain Debenhams has announced it is planning to axe around 320 management roles in its stores.
The retailer said it was part of a £10m cost-cutting plan, following its profits warning last month after a weak performance over the Christmas period, as reported by Sky.
The company said the changes will not mean any store closures. It said last year that 10 stores were under review for closure if they became unprofitable. Just last month, it closed two stores, affecting 87 workers.
Debenhams has identified significant cost savings by reducing the complexity of management roles in stores. The effect of this is around 320 roles, or 25 per cent of store management jobs, are at risk of redundancy.
The company is currently consulting with affected staff members and will seek redeployment where possible. It expects its new structure to be in place by the end of March.
It is the latest in a long line of restructuring as some of the UK's biggest name stores have struggled with falling sales and profits. Thousands of jobs face the axe at Tesco, Sainsbury's and Morrisons, while M&S is rolling out plans to close unprofitable stores.
Punchline says: We love our Debenhams store in the heart of the city. We hope the changes don't hit it too hard.
What do you think? Email firstname.lastname@example.org
Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.