Yahoo News WHSmith to axe up to 1,500 jobs as sales hit by coronavirus
WHSmith has announced plans to axe up to 1,500 jobs after the coronavirus pandemic drastically forced down its customer numbers.
The British retailer said it is starting to consult with staff over plans that would see hundreds of them losing their roles.
The company reported that its shops in airports and train stations continued to be blighted by low passenger numbers, with its high street stores also suffering from low footfall.
It said just over half of its UK travel shops have reopened and that 246 of its largest sites have started trading again.
All of its 575 high-street stores have opened, the business said, but footfall is strongly down compared to last year.
Revenue was 57 per cent lower last month compared to July 2019, even as sites started to welcome customers back, with most of this loss coming from the travel arm.
It said it now expects to make a loss of between £70 million and £75 million for the year to August.
“We now need to take further action to reduce costs across our businesses,” said chief executive Carl Cowling.
“I regret that this will have an impact on a significant number of colleagues whose roles will be affected by these necessary actions and we will do everything we can to support them at this challenging time.”
The high street stalwart joins a catalogue of major British employers to announce substantial cuts since the start of the pandemic, with 4,500 jobs lost within the first four days of August.
Dixons Carphone, Pizza Express, Hays Travel and DW Sports have all announced major redundancies, or plans that could put hundreds of jobs at risk.
It comes as many businesses have to decide whether to keep staff who have been on furlough on their books as the Government’s job retention scheme starts to unwind.
More than 26,000 jobs were lost at British employers in July, according to analysis by the Press Association.
It was a small decrease from June when almost 30,000 jobs were lost at British employers when stripping out the effects of BP and HSBC, whose combined 45,000 jobs losses announced in July will be spread around the world.
In May, around 36,000 job losses were announced.
The list of job losses only counts the biggest job cuts that have been announced to the public, so shows only a small part of the devastation to the UK economy.
Thousands more positions have likely been lost at smaller firms.
According to figures published by the Office for National Statistics (ONS) last month, the number of workers on company payrolls in the UK fell by 649,000 between March and June.
Here's a list of those businesses which have announced potential job losses since March 23:
August 4 – Dixons Carphone – 800
August 4 – Pizza Express – 1,100 at risk
August 3 – Hays Travel – up to 878
August 3 – DW Sports – 1,700 at risk
July 31 – Byron – 651
July 30 – Pendragon – 1,800
July 29 – Waterstones – unknown number of head office roles
July 28 – Selfridges – 450
July 27 – Oak Furnitureland – 163 at risk
July 23 – Dyson – 600 in UK, 300 overseas
July 22 – Mears – fewer than 200
July 20 – Marks & Spencer – 950 at risk
July 17 – Azzurri Group (owns Zizzi and Ask Italian) – up to 1,200
July 16 – Genting – 1,642 at risk
July 16 – Burberry – 150 in UK, 350 overseas
July 15 – Banks Mining – 250 at risk
July 15 – Buzz Bingo – 573 at risk
July 14 – Vertu – 345
July 14 – DFS – up to 200 at risk
July 9 – General Electric – 369
July 9 – Eurostar – unknown number
July 9 – Boots – 4,000
July 9 – John Lewis – 1,300 at risk
July 9 – Burger King – 1,600 at risk
July 7 – Reach (owns Daily Mirror and Daily Express newspapers) – 550
July 6 – Pret a Manger – 1,000 at risk
July 2 – Casual Dining Group (owns Bella Italia and Cafe Rouge) – 1,909
July 1 – SSP (owns Upper Crust) – 5,000 at risk
July 1 – Arcadia (owns TopShop) – 500
July 1 – Harrods – 700
July 1 – Virgin Money – 300
June 30 – Airbus – 1,700
June 30 – TM Lewin – 600
June 30 – Smiths Group – “some job losses”
June 25 – Royal Mail – 2,000
June 24 – Jet2 – 102
June 24 – Swissport – 4,556
June 24 – Crest Nicholson – 130
June 23 – Shoe Zone – unknown number of jobs in head office
June 19 – Aer Lingus – 500
June 17 – HSBC – unknown number of jobs in UK, 35,000 worldwide
June 15 – Jaguar Land Rover – 1,100
June 15 – Travis Perkins – 2,500
June 12 – Le Pain Quotidien – 200
June 11 – Heathrow – at least 500
June 11 – Bombardier – 600
June 11 – Johnson Matthey – 2,500
June 11 – Centrica – 5,000
June 10 – Quiz – 93
June 10 – The Restaurant Group (owns Frankie and Benny’s) – 3,000
June 10 – Monsoon Accessorise – 545
June 10 – Everest Windows – 188
June 8 – BP – 10,000 worldwide
June 8 – Mulberry – 375
June 5 – Victoria’s Secret – 800 at risk
June 5 – Bentley – 1,000
June 4 – Aston Martin – 500
June 4 – Lookers – 1,500
May 29 – Belfast International Airport – 45
May 28 – Debenhams (in second announcement) – “hundreds” of jobs
May 28 – EasyJet – 4,500 worldwide
May 26 – McLaren – 1,200
May 22 – Carluccio’s – 1,000
May 21 – Clarks – 900
May 20 – Rolls-Royce – 9,000
May 20 – Bovis Homes – unknown number
May 19 – Ovo Energy – 2,600
May 19 – Antler – 164
May 15 – JCB – 950 at risk
May 13 – Tui – 8,000 worldwide
May 12 – Carnival UK (owns P&O Cruises and Cunard) – 450
May 11 – P&O Ferries – 1,100 worldwide
May 5 – Virgin Atlantic – 3,150
May 1 – Ryanair – 3,000 worldwide
April 30 – Oasis Warehouse – 1,800
April 29 – WPP – unknown number
April 28 – British Airways – 12,000
April 23 – Safran Seats – 400
April 23 – Meggitt – 1,800 worldwide
April 21 – Cath Kidston – 900
April 17 – Debenhams – 422
March 31 – Laura Ashley – 268
March 30 – BrightHouse – 2,400 at risk
March 27 – Chiquito – 1,500 at risk.
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