British department retailer Debenhams has today announced that it will cut 2,500 more jobs due to continued impact of the COVID-19 pandemic on the business. The firm announced in May that it would cut 4,000 roles – more than a third of its UK workforce.
Today’s cuts will be mainly hit UK stores and distribution centres, but Debenhams announced that no new shops were to shut down. In the early weeks of the lockdown, the retailer said 20 of its stores would remain permanently closed.
FRP have been appointed administrators for Debenhams. In April, the firm fell into administration for the second time in a year.
A statement from the professional services firm read: “Those affected by redundancy will take no particular comfort from this, but the steps taken are in response to an unpredictable and challenging trading environment and aim to ensure the future viability of the business, while also meeting wider statutory obligations.”
A further statement from Debenhams read: “Such difficult decisions are being taken by many retailers right now, and we will continue to take all necessary steps to give Debenhams every chance of a viable future. We have to ensure our store costs are aligned with realistic expectations.
“We have successfully reopened 124 stores post-lockdown, and these are currently trading ahead of management expectations.”