Matalan has axed around 300 jobs from its head office and stores as part of a restructuring programme. 100 jobs are to go from its head office while one job role is to go from each of the groups 190 stores. The company will initially look for voluntary redundancy and relocation.
The company said: “This move is regrettable but prudent given the challenging retail environment.” In its last trading update, Matalan said like-for-like sales were 6.5 per cent lower in the nine weeks to July 2. The job losses are the latest blow to the retail sector, as some of the worst trading conditions in two decades cause firms to shed staff.
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