Redundancy
This coverage examines redundancy trends and announcements within the UK retail sector, focusing on their impact on business operations, workforce planning, and organisational strategy. Reports include company-specific redundancy decisions, sector-wide employment trends, executive statements, and strategic responses — providing retail professionals with context to navigate workforce challenges and make informed operational decisions.
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Jan- 2019 -29 JanuaryClothing & Shoes
M&Co to cut 59 head office jobs
Clothing retailer M&Co has announced it is to cut 59 jobs from its head offices in London and Inchinnan. The majority of redundancies are said to come from the retailer’s Inchinnan offices however it says it will also cut “four or five” roles from a workforce of 120 at its…
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24 JanuaryDepartment Stores
John Lewis to close Knight & Lee in Southsea; 127 jobs at risk
John Lewis & Partners has announced it will close its Knight & Lee store in Southsea in July 2019, putting all 127 staff at risk of redundancy. According to the group, the decision to close the property has been “driven by a number of factors”, including the physical condition, size,…
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Sep- 2018 -10 SeptemberDepartment Stores
CVA and closure rumours loom as Debenhams appoints KPMG
Debenhams has reportedly appointed audit advisors KPMG to explore restructuring plans, prompting rumours of stores closures and a CVA. The Sunday Telegraph reported that the advisory firm had been assigned to draw up a turnaround plan which could result in a number of job cuts. The department store chain recently…
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Aug- 2018 -23 AugustClothing & Shoes
Crew Clothing acquires Saltrock Surfwear
Saltrock Surfwear, a leisurewear and accessories retail brand based in Devon, has been sold to Crew Clothing Group via a pre pack administration. David Pike and Mark Orton from KPMG were appointed joint administrators to Saltrock Surfwear Limited on 17 August. Immediately upon their appointment, they concluded a sale of…
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17 AugustDepartment Stores
Debenhams to axe 90 jobs
Debenhams has announced it is to cut 90 jobs as part of a restructuring plan to focus the business on key areas. The department store is also currently in redundancy talks with 200 head office workers as part of the last stage of its cost cutting plan. In a statement…
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14 AugustEconomy
High street job losses ‘cost British economy £1.5bn’
New research has found that high street job losses have cost the British economy £1.5bn, as the number of lost jobs exceeds 30,000. Figures from the New Economics Foundation (NEF) include those facing imminent redundancy alongside those who have already lost their jobs, adding up to £1.5bn in lost GDP.…
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Jul- 2018 -17 JulyDepartment Stores
Usdaw hits out at M&S for second time after 351 management roles cut
Trade union Usdaw has said that it will continue its campaign to be recognised as a representative for M&S workers after saying the company has not been allowing it to represent workers. Following the announcement that 351 management roles were to be cut at M&S, Usdaw national officer Dave Gill…
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Jun- 2018 -12 JuneClothing & Shoes
Henri Lloyd to slash 128 jobs despite coming out of administration
Henri Lloyd is to be brought out of administration by a company called Aligro UK Limited, and it will continue to trade from stores in Salcombe, Dartmouth, Cowes, Cheshire Oaks and Lymington. The stores kept open will save 38 jobs, however 128 jobs in total will be axed as stores…
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May- 2018 -31 MayDepartment Stores
TUC, Usdaw launch petition calling for Marks and Spencer transparency
Shopworkers’ trade union Usdaw has joined with the Trades Union Congress (TUC) to launch a petition calling on Marks and Spencer to immediately open up a dialogue with the union to ensure staff are properly represented throughout its programme of store closures. Paddy Lillis, Usdaw General Secretary Elect, said: “All staff…
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23 MayDepartment Stores
M&S profits dive 62% for full year
Marks and Spencer has reported a 62.1% drop in pre-tax profit for the year ending March 2018, amid an ongoing store closure programme. Profits before tax dropped from £176.4m to £66.8m during the year, and the cost of the store closure programme – which will see more than 100 stores…
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