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Debenhams to cut 320 store management jobs

Debenhams department store on Oxford Street in central London

Image copyright
Reuters

Department store group Debenhams is planning to cut 320 store management jobs as it tries to drive down costs.

The retailer said last month it was stepping up cost-cutting plans after it issued a profit warning because of disappointing trading over Christmas.

Debenhams said a review of its stores had identified “significant cost savings by reducing the complexity of management roles in stores”.

The 320 posts affected account for a quarter of store management roles.

“We are currently consulting with individuals affected and will seek redeployment opportunities where possible,” Debenhams said in a statement.

“We envisage our new structure being fully in place by the end of March.”


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