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Debenhams announces 2,500 more redundancies

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UK department store Debenhams has announced plans to cut a further 2,500 jobs after it let another 4,000 staff go earlier in the year.

This comes after a devastating three years for Debenhams which had been suffering even before the coronavirus pandemic.

In 2018 it announced that it would be closing 50 of its stores as part of a restructuring effort, and in April of this year Debenhams went into administration, the second time this has happened in less than 12 months.

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With so many closures in recent years, the company has said that yesterday’s announcement of 2,500 job losses would not result in more stores closing down.

Instead, staff cuts will be spread across its stores and distribution facility.

The 2,500 redundancies will add a significant amount to the total UK-wide figure of 730,000 job cuts since lockdown began, as estimated by the Office for National Statistics (ONS) yesterday.

The company seemingly remained positive. In a statement it said: “We have successfully reopened 124 stores post-lockdown, and these are currently trading ahead of management expectations.”

It 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.

“We have to ensure our store costs are aligned with realistic expectations.”

Read more below about Debenhams’ decision to close 50 stores:

Debenhams confirms it will close 50 stores after record annual loss

 

Tags : administrationcoronavirusDebenhamsjob cutsredundancies
Sam Lewis

The author Sam Lewis

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