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14/03/2006
Boots announces plans to cut 2,250 jobs
Health and beauty retailer Boots has announced plans to cut 2,250 jobs from its supply chain operations over the next three years.
The High Street chain is set to build a new £70 million automated warehouse in Nottingham, which will allow the chain to replace 17 regional sites with smaller lorry-docking facilities.
The changes will be implemented within the next three years in order to minimise the number of redundancies through the natural turnover of staff.
Boots said that it would try to redeploy staff where possible.
The retailer also announced a "substantial investment" in 700 of the chain's smaller stores.
The total cost of the changes is expected to amount to around £250 million. It will be funded by the £1.9 billion sale of Boots Healthcare International.
Boots Chief Executive Richard Baker said: "This is a major step forward in our plans to build a better Boots."
Mr Baker said that the smaller stores had been "underinvested". He said: "It is appropriate that we invest in these stores in order to provide the pharmacy-led healthcare role that both we and the government envisage."
The announcement comes after Boots announced a merger with Alliance Unichem. The merger was proposed in the wake of increasing competition from supermarket. The deal would create a business with worldwide sales of around £13 billion and around 26,000 UK outlets.
(KMcA/SP)
The High Street chain is set to build a new £70 million automated warehouse in Nottingham, which will allow the chain to replace 17 regional sites with smaller lorry-docking facilities.
The changes will be implemented within the next three years in order to minimise the number of redundancies through the natural turnover of staff.
Boots said that it would try to redeploy staff where possible.
The retailer also announced a "substantial investment" in 700 of the chain's smaller stores.
The total cost of the changes is expected to amount to around £250 million. It will be funded by the £1.9 billion sale of Boots Healthcare International.
Boots Chief Executive Richard Baker said: "This is a major step forward in our plans to build a better Boots."
Mr Baker said that the smaller stores had been "underinvested". He said: "It is appropriate that we invest in these stores in order to provide the pharmacy-led healthcare role that both we and the government envisage."
The announcement comes after Boots announced a merger with Alliance Unichem. The merger was proposed in the wake of increasing competition from supermarket. The deal would create a business with worldwide sales of around £13 billion and around 26,000 UK outlets.
(KMcA/SP)
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