Boots

Type
Internal restructuring
Country
United Kingdom
Region
East Midlands (England); Derbyshire and Nottinghamshire; Nottingham
Location of affected unit(s)
Nottingham
Sector
Wholesale / Retail
47 - Retail trade
47.7 - Retail sale of other goods, except motor vehicles and motorcycles
47.7 - Retail sale of other goods, except motor vehicles and motorcycles
500 jobs
Number of planned job losses
Job loss
Announcement Date
5 June 2003
Employment effect (start)
Foreseen end date

Description

Boots, the high street chemist, will axe 500 jobs at its Nottingham headquarters. The job losses came as the company announced a 17% fall in annual pre-tax profits to £494.9 million.

Boots is looking to further reduce costs with a target of saving £100 million announced last November.

Sources

  • 6 June 2003: The Guardian

Citation

Eurofound (2003), Boots, Internal restructuring in United Kingdom, factsheet number 60214, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60214.