Excessive avenue newsagent’s WH Smith is planning to chop as much as 1,500 jobs as bosses mentioned its restoration from the Covid-19 lockdown has been “sluggish”.
The retailer mentioned it’s beginning to seek the advice of with employees over plans that might see as many as 1,500 of them shedding their roles.
The corporate mentioned it wanted to scale back prices as its outlets in airports and practice stations are hit by low passenger numbers and its excessive avenue shops additionally endure from low footfall, experiences PA.
The corporate mentioned simply over half of its UK journey outlets have reopened and that 246 of its largest websites have began buying and selling once more.
All of its 575 high-street shops have opened, the enterprise mentioned, however footfall is strongly down in comparison with final 12 months.
Income was 57% decrease final month in comparison with July 2019, at the same time as websites began to welcome prospects again, with most of this loss coming from the journey arm.
“We now have to take additional motion to scale back prices throughout our companies,” mentioned chief govt Carl Cowling.
“I remorse that this can have an effect on a major variety of colleagues whose roles can be affected by these vital actions and we’ll do all the pieces we will to help them at this difficult time.”