John Lewis, the UK-based fashion retailer, doesn’t have good news for its employees!
The retailer has, reportedly, told its staff that it is planning to axe around 1,000 jobs across its department stores as well as Waitrose supermarkets.
The move is being seen as a part of shake-up of retailer’s store management drive.
Earlier this year, the fashion retailer had again caught global attention after shutting down as many as 8 stores in an effort to secure £300 million in savings by the year 2023.
Corroborating a further on cutting 1,000 jobs, a spokeswoman from John Lewis Partnership said that the retailer has told its partners the intent to simplify the management structures in its Waitrose and John Lewis stores.
She added “Doing so will help us reinvest in what matters most to our customers.”
John Lewis has, meanwhile, also said that it will support all employees who wish to stay in the business to find new roles.
Besides, the retailer said that it will do its best to minimise compulsory redundancies via different options like voluntary redundancy and voluntary severance.
Started in 1864, John Lewis today has over 40 stores across Great Britain, with concessions also located in the Republic of Ireland and Australia.
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