The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
320 jobs Number of planned job losses
Announcement Date
8 February 2018
Employment effect (start)
Foreseen end date
31 March 2018
Description
Debenhams department store has announced plans to cut 320 store management roles. The move follows poor sales figures over Christmas, which have been attributed to competition from online businesses. The proposed changes will mean that around one quarter of store management roles will be removed, and the decision to simplify management structures follows similar restructuring which has been seen in other parts of the retail sector. A spokesperson for Debenhams commented that consultation was underway and they would seek to redeploy individuals wherever possible, and that the changes would be complete by the end of March 2018.
Sources
8 February 2018: BBC Website
8 February 2018: The Telegraph
Citation
Eurofound (2018), Debenhams, Internal restructuring in United Kingdom, factsheet number 93373, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93373.
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