Nottinghamshire-headquartered retailer Wilko is set to cut 400 jobs as it continues in its attempts to control costs.
The roles lost will include assistant store managers, retail supervisors, head office managers and call centre workers, according to reports in The Guardian.
Wilko’s CEO said the company had identified significant changes to its operating model to allow the business to stabilise and thrive, including changes to the firm’s management structure at stores and its Worksop HQ.
It follows news that the retailer will close its toy departments, focusing instead on selling garden and household goods, and comes after the revelation that 95 Wilko staff in Worksop were at risk of being made redundant as the retailer looked to outsource its customer services.
The business agreed a £40m two-year revolving credit facility with Hilco at the start of the year, to allow it to increase financial flexibility as it accelerates plans for turnaround.
Wilko’s year-end results showed a drop in sales, while the firm slipped to a pre-tax loss, as the pandemic continued to bite.
