The retailer has annouced new plans to cut costs. Rachel Osborne, currently acting CEO has now called for a series of reviews to deliver the transformation programme. Ted Baker has reportedly revealed that between 100 to 160 jobs are at risk of redundancy as it shakes up the company after what can only be described as a ‘challenging year’.
‘A key area of focus for management following the cost review is to reduce our office cost base, in particular by simplifying and de-layering the group’s organisational structurem, earlier this month, the executive committee was restructured, with the number of members reduced from 13 to 9. The group has today announced proposals to reorganise key head office and business functions to align with the new simplified management structure.’ – Ted Baker said in a statement.
