THE WHAT? UK retailers John Lewis and Boots have announced 5,300 job cuts as the retail sector continues to feel the bite of the COVID-19 pandemic, according to a report by BBC.
THE DETAILS Personal care retailer Boots is set to axe 4000 jobs, while John Lewis has put 1,300 roles at risk with the closure of eight stores, including department stores in Birmingham and Watford. The company is also set to shut down travel sites at Heathrow and London St Pancreas.
Boots, meanwhile, is looking to restructure its head office while also closing 48 Boots Optician stores.
THE WHY? While both companies suggested that closures and job losses were at risk prior to the pandemic outbreak, the Great Virus Crisis (GVC) has accelerated the need for action.
John Lewis Partnership chairwoman Sharon White told the BBC: “Closing a shop is always incredibly difficult and today’s announcement will come as very sad news to customers and partners.
“However, we believe closures are necessary to help us secure the sustainability of the partnership – and continue to meet the needs of our customers, however and wherever they want to shop.”