LONDON (Reuters) – British department store group Debenhams has cut “hundreds” of head office jobs as it slims down its administrative functions to support a smaller business in the future, two people with knowledge of the situation told Reuters.
One of the people said about 160 jobs had gone from Debenhams’ merchandising department and a similar number from buying. Other jobs have gone in design and human resources.
Last month Debenhams went into administration for the second time in a year, seeking to protect itself from legal action by creditors during the coronavirus crisis that could have pushed it into liquidation.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.