Published on 26 - January - 2009
Homebase set to axe hundreds of jobsSenior staff across 300 of DIY chain’s stores are at risk of redundancy following a 10% decline in sales over the Christmas period.
According to reports by The Sun, senior staff were called to meetings last week to be informed of a 'restructuring' that is likely to take place this Thursday.
An inside source revealed: "It's going to affect management positions, trading managers, sales managers and supervisors."
The cutbacks are part of a cost saving exercise after Homebase's latest trading statement for the 18 weeks to January 3, showed a 10.2% drop in like-for-like sales.
Commenting on the results earlier this month, chief executive of parent company Home Retail Group, Terry Duddy said: "You will see job cuts, but what there won't be is a huge swinging axe that comes through the business. It will be relative to individual stores."
DIYWeek.net does not edit comments which are submitted directly by our users to express their own views. Please report abuse of our comment system here.
© Datateam Business Media Limited 2009. DIY Week.net news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.