Debenhams to axe 320 jobs after poor Christmas trading
No stores are expected to be closed due to the job losses, which make-up around 25 per cent of its store management roles
DEBENHAMS is to axe around 320 jobs as part of a £10million cost-cutting plan.
Last month the flagging department store issued a profit warning after a difficult Christmas period where its like-for-like sales fell by 2.6 per cent
And now it has confirmed it plans to axe hundreds of store manager roles across the country.
But it’s not expected the changes will not mean any closures of its 176 stores.
It said it will aim to find new roles for those staff who will lost their jobs.
A spokesperson told The Sun Online: “The review has identified significant cost savings by reducing the complexity of management roles in stores as well as processes to optimise and standardise ways of working.
“The effect is that potentially 320 positions are at risk of redundancy – approximately 25 -per cent of store management roles.
“We are currently consulting with individuals affected and will seek redeployment opportunities where possible.
We envisage our new structure being fully in place by the end of March.”
The store is the latest in a line of high street names that have announced shake-up to stores because of difficult trading.
Morrisons, Tesco, and Sainsbury’s have all said recently they are making sweeping changes to their staff numbers in order to cut costs – with thousands of posts axed.
Last week Morrisons said it is planning on slashing 1,500 shop floor roles, with Tesco axing 1,700 and Sainsbury’s also taking similar steps.
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