Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.19 - Other retail sale in non-specialised stores

250 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2009
Employment effect (start)
Foreseen end date

Description

Home Retail Group, a retail company who operate both the Argos and Homebase chains, has announced that it will cut 250 jobs from its distribution network. The company is attempting to cut costs as it has seen sales fall. The company employs around 53,000 people across the UK, although as of 18 January 2009 it has not announced at which sites or when these job cuts will occur.


Sources

  • 15 January 2009: The Guardian

Citation

Eurofound (2009), Home Retail Group, Internal restructuring in United Kingdom, factsheet number 67830, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67830.