Quantcast
Home Breaking News Debenhams to cut 2,500 jobs to ensure a ‘viable future’

Debenhams to cut 2,500 jobs to ensure a ‘viable future’

by LLB Reporter
11th Aug 20 12:33 pm

Debenhams have announced they are to cut 2,500 jobs as the retailer have been impacted by the coronavirus pandemic. The high street chain have been forced to make “difficult decisions” to secure the future of their 124 department stores.

A spokesperson for Debenhams said, “We have successfully reopened 124 stores, post-lockdown, and these 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 redundancy have been informed and we are very grateful to them for their service and commitment to Debenhams.

“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.”

In the past 12 months the company has been placed into administration twice.

You may also like

Leave a Comment

Sign up to our daily news alerts