Home Business News New Look to cut 1,000 jobs amid high street bloodbath

New Look to cut 1,000 jobs amid high street bloodbath

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21st Mar 18 4:52 pm

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Struggling retailer New Look has got approval from 98 per cent of its creditors for a restructuring plan, which means it will be shutting 60 stores through a company voluntary arrangement and slashing 1,000 jobs.

The retailer has reportedly identified 60 stores in the UK to be closed, along with a further six sites that are sub-let to third parties.

It would also make 980 staff from 15,300 UK employees redundant.

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