Mothercare culls 200 head office jobs

Mothercare has axed around 200 staff from its head office in an attempt to cut costs and save up to £20m.

The job cuts are part of Mothercare’s restructuring program and 50 new jobs are expected to be created in the department, bringing the net job losses to roughly 150.

In July, the British retailer said it would look to close some 60 of its 137 stores leading to 900 job losses. It said it would also seek reduced rents for 19 of its stores through a CVA.

The company rehired its CEO Mark Newton-Jones just five weeks after his resignation, where he agreed to a £137,000 pay cut. This year has also seen the retailer relegated from the FTSE 100 after its like-for-like sales dropped by 2.8% in its Q4 financial results.

A spokesperson said: “We have today been communicating with our staff regarding the next stage of Mothercare’s transformation to ensure we have a sustainable, global brand which can be the leading global specialist for parents and young children. This follows the comprehensive measures taken in recent months to provide a renewed and stable financial structure for the group.”