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Health and beauty retailer Boots has announced it is looking to cut 350 jobs from its Nottinghamshire headquarters as part of a restructuring plan.
Approximately 2,500 staff are employed at the office and the company said it was looking to reduce its costs by 20%. A 45 day consultation process with 800 staff is expected to begin at the end of March.
The restructure is part of Boots’ parent company Walgreen Boots Alliance’s plan to save up to $1bn.
Seb James, managing director Boots UK and ROI, said: “Like all retailers, we are operating in a new environment in which customers need us to move much faster and recognise that they want to shop differently.
“The vast majority of head office roles will be unaffected, and we intend to make sure that the number of people concerned is minimised through redeployment, natural attrition, flexible working and other measures.”
He added: “A consultation process with affected colleagues will begin immediately.”
