The high-end department store retailer has announced to staff that it plans to cut 450 jobs as it warned sales are expected to significantly lower than usual because of Covid-19.
If the 450 job cuts were to go ahead, this would reduce the company’s workforce by 14 per cent and allow the business to deal with the impact of the virus and the lockdown that followed.
Group Managing Director Anne Pitcher sent a message to staff explaining that recovery would be “slow”, stressing that 2020 will be “the toughest year we have experienced in our recent history”.
“As you would expect at such a critical time, we have been carefully examining every aspect of our business – our structures, our costs, our ways of working – from top to bottom, leaving no stone unturned to ensure we are fit for purpose and the future,” Pitcher said.
“This has involved reviewing all non-essential expenses as well as pausing projects and initiatives where prudent to do so.”
