Waterstone's to cut 200 jobs

Seabound · 01-11-2009, 11:42 PM

Just saw this in my RSS reader:

Waterstone's joins the ranks of high street retailers shedding jobs

Quote:

Some 200 jobs are to be axed at Waterstone's as a result of new measures to cut costs at the books chain.

Staff at the 303-outlet books specialist will be told this morning about the redundancies, as a three-month consultation period gets under way. The retailer employs about 4,500 staff.

Curly · 01-12-2009, 02:55 AM

I fear it's only going to get worse for retailers.

I wonder how libraries are doing and if borrowing is up?

ShellShock · 01-12-2009, 08:40 AM

When other high-street retailers have gone bankrupt, Waterstones seem to be doing OK--200 out of 4500 jobs is less than 5 percent. I imagine most of these will be voluntary.

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01-12-2009, 02:55 AM	#2
Curly I need a holiday! Posts: 1,227 Karma: 4622 Join Date: Dec 2008 Location: Scotland Device: PRS-505, ipod touch	I fear it's only going to get worse for retailers. I wonder how libraries are doing and if borrowing is up?

01-12-2009, 08:40 AM	#3
ShellShock Wizard Posts: 1,178 Karma: 2431850 Join Date: Sep 2008 Device: IPad Mini 2 Retina	When other high-street retailers have gone bankrupt, Waterstones seem to be doing OK--200 out of 4500 jobs is less than 5 percent. I imagine most of these will be voluntary.

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