Exclusive: UK retailer Debenhams cuts 'hundreds' of head office staff - sources

United States News News

Exclusive: UK retailer Debenhams cuts 'hundreds' of head office staff - sources
United States Latest News,United States Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

LONDON: British department store group Debenhams has cut 'hundreds' of head office jobs as it slims down its administrative functions to support a ...

LONDON: 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Chevron to cut up to 15per cent of staff amid restructuringExclusive: Chevron to cut up to 15per cent of staff amid restructuringChevron Corp will cut 10per cent to 15per cent of its worldwide workforce as part of an ongoing restructuring at the second-largest U.S. oil ...
Read more »

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sourcesExclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sourcesVolkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Read more »

Exclusive: ECB prepares for the worst: life without the Bundesbank - sourcesExclusive: ECB prepares for the worst: life without the Bundesbank - sourcesThe European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case ...
Read more »

Exclusive: Google faces antitrust case in India over payments app - sourcesExclusive: Google faces antitrust case in India over payments app - sourcesIndia's antitrust body is looking into allegations that Alphabet Inc's Google is abusing its market position to unfairly promote its mobile ...
Read more »

H&M set to cancel furloughs for 2,500 at Stockholm headquartersH&M set to cancel furloughs for 2,500 at Stockholm headquartersH&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be ...
Read more »

SoftBank's Vision Fund planning to cut 10% of staffSoftBank's Vision Fund planning to cut 10% of staffTOKYO (BLOOMBERG) - SoftBank Group's Vision Fund is planning deep cuts in staffing after reporting about US$18 billion (S$25.5 billion) in losses from the declining value of its start-ups, according to people familiar with the matter.. Read more at straitstimes.com.
Read more »



Render Time: 2025-03-12 12:32:01