Dixons Carphone says to cut 800 jobs in its UK and Ireland stores
Reuters
Published Aug 04, 2020 11:59
Updated Aug 04, 2020 14:47
LONDON (Reuters) - British electrical retailer Dixons Carphone (LON:DC) said it planned to cut 800 jobs to create a leaner management structure across its stores in the UK and Ireland, adding to the 2,900 roles it said would go back in March.
The company, which has 24,000 employees in the UK and sells mobile phones and tablets as well as white goods, said that it had started consultations with the affected employees.
In mid-March, before the coronavirus pandemic caused Dixons Carphone's main UK market to go into lockdown, the company said it would close all 531 standalone Carphone Warehouse stores and shed 2,900 jobs.
Those closures were aimed at turning around its loss-making mobile phone business, which slumped as customers changed their handsets less regularly.
The company said in its statement on Tuesday that it was committed to its remaining stores, which compliment its growing online offering.
In April, it said strong online sales were making up for around two-thirds of the store sales lost during lockdown.
The latest job losses come as Britain's retail industry battles with the pandemic. Marks & Spencer, health and beauty chain Boots and the upmarket department store Selfridges have in recent weeks announced plans to cut thousands of jobs between them.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.