Players.bio is a large online platform sharing the best live coverage of your favourite sports: Football, Golf, Rugby, Cricket, F1, Boxing, NFL, NBA, plus the latest sports news, transfers & scores. Exclusive interviews, fresh photos and videos, breaking news. Stay tuned to know everything you wish about your favorite stars 24/7. Check our daily updates and make sure you don't miss anything about celebrities' lives.

Contacts

  • players.bio

Staff culled as struggling retailer Boohoo makes redundancies in Manchester

Members of staff at Boohoo were culled on Thursday (November 14) as the struggling fashion retailer made a number of redundancies in Manchester, the M.E.N. has learned.

It comes a day after the company released delayed results showing half-year losses had more than quadrupled - with pre-tax losses swelling to £147.3million in the six months to August 31.

It is understood at least 25 members of staff lost their jobs within the Merchandising and Buying team. The M.E.N. was told a number of other roles were also lost within the Project Delivery Team, just weeks before Christmas

READ MORE A 28-story tower and new student complex: The key developments planned for Manchester

A spokesperson for boohoo Group told the Manchester Evening News: “As a business, boohoo Group remains focused on ensuring that it is well-placed for growth, while maintaining a control on costs.

"Following a review of business operations, we have made the difficult decision to change the structure of some of our teams, which has affected some roles. Affected colleagues are being informed and we are supporting them at this time.”

The retailer denied to clarify exactly how many numbers of roles had been cut and within which departments. It is not known if roles in other offices have been affected or if anymore redundancies were to come.

On Thursday (November 14) it was revealed the online retailer had raised around £39.3 million through an investor cash call as it grapples with deepening losses and the mounting spat with Mike Ashley’s Frasers Group.

It came hours after Boohoo released delayed results showing half-year losses more than quadrupled and as it urged investors to reject Mr Ashley’s attempt to install himself as chief executive at an emergency

Read more on manchestereveningnews.co.uk
DMCA