Internal restructuring
United Kingdom
Location of affected unit(s)
Nottingham, Whiteley (Southampton) and Guernsey
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.78 - Other retail sale of new goods in specialised stores

450 jobs
Number of planned job losses
Job loss
Announcement Date
19 May 2020
Employment effect (start)
Foreseen end date


Specsavers, the British opticians retail chain has announced that it will cut 450 support office jobs in Guernsey, Nottingham and Whiteley (Southampton).

The company’s CEO has said that the restructuring was prompted by the “dramatic downturn” in business as a result of the COVID-19 crisis and the longer term negative economic outlook. More in detail, the company specified that it adopted a wide range strategy to avoid the redundancies - encompassing salary cuts for senior leaders, the introduction of part-time working arrangements, and the utilisation of the UK government’s furlough scheme - but this effort was not sufficient.

Staff employed in Specsavers’ 900 UK stores are not affected by the cuts, while the company will start a consultation with the interested workers in order to implement the internal restructuring.

Specsavers was founded in 1984 on the island of Guernsey. It currently employs more than 30,000 people across the world, including in Ireland, some northern European countries, Australia and New Zealand.



Eurofound (2020), Specsavers, Internal restructuring in United Kingdom, factsheet number 101085, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101085.