Tuesday 21 March 2023 1:03 pm
High street merchant New Look has actually put 70 task functions at its head workplaces in London and Weymouth at danger of redundancy.
According to reports initially released in Drapersthe relocation is comprehended to be part of a larger assessment of business and might affect numerous departments throughout the areas.
It’s comprehended that staff members affected by the redundancy procedure will go into an assessment duration and New Look stated its “top priority” is to support those affected by the choice.
New Look stated that the redundancies are an outcome of the brand name accelerating its online offering and decreasing its shop estate, with a representative informing City A.M that the brand name has actually altered substantially in the last few years.
The company has actually been asked the number of the task losses will remain in London.
“As part of this, we are proposing modifications to our group structures, which unfortunately, we anticipate to affect some functions at our Weymouth and London support centres.
“We will quickly be getting in an assessment duration with afflicted associates and our top priority is to support them throughout this time.”
It comes as New Look likewise exposed previously this year that it was aiming to slash 500 task functions at its lead circulation centre at Lymedale, Newcastle Under Lyme.
Wendy Massey, senior expert at Retail Week, informed City A.M that the news comes as “not a surprise”.
Massey stated: “Like so lots of sellers today New Look has its eye on simplifying operations to prevent passing rate boosts on to clients.
“Its headcount has actually been under continuous analysis as part of its turn-around program, having actually been practically cut in half over the 5 years to March 2022 as it pursued 2 CVAs to assist right size the shop network.”
