January 6, 2009
Rash of retailers end jobs in Britain
British retailers began shedding jobs right after the holiday shopping season with thousands of positions slated to end soon, sources said.
Mark & Spender will announce 1,000 job cuts as soon as Wednesday, The Times of London reported Tuesday.Adams closed 111 children's clothing stores, ending 850 staff positions. Passion for Perfume closed 46 stores, ending 185 jobs. Woolworths closed its remaining 197 outlets Tuesday, with job losses totaling 27,000 since the stores began to close.
Mosaic, parent company to Principles, Oasis, Karen Millen and Warehouse, has hired a restructuring team from business consultancy Deloitte. About 5,000 employees work at those stores, The Times said.
In addition, Waterford Wedgwood said it had filed for administration (bankruptcy). Should the company go into liquidation, 2,000 jobs in Britain are at stake, The Times said.