Dixons job cuts:

The Daily Telegraph - Business - - Front Page - By Laura Onita

DIXONS CAR­PHONE is to slash 800 jobs amid a tidal wave of re­tail cuts as the bombed-out high street fights for sur­vival.

The firm is ax­ing the store man­ager roles in an at­tempt to slim down and save cash. It comes just four months af­ter Dixons said all its 531 stand­alone Car­phone Ware­house shops would shut, lead­ing to 2,900 job losses. About 3pc of the com­pany’s over­all work­force in the UK and Ire­land will be af­fected by the re­dun­dan­cies. Bosses want to over­haul the way their shops are run to have more staff work­ing across both elec­tri­cals and mo­bile.

The com­pany said that some laid-off work­ers may be able to get a job with ShopLive, a per­sonal shop­ping ser­vice which al­lows Dixons cus­tomers to browse goods from their home us­ing a video link to stores.

Mark All­sop, chief op­er­at­ing of­fi­cer, said: “We re­main com­mit­ted to our stores as part of an om­nichan­nel fu­ture, where we of­fer the best of on­line and stores to our cus­tomers.”

Its de­ci­sion to pull the plug on Car­phone Ware­house came af­ter years of losses at the mo­bile phone di­vi­sion, which it is now try­ing to bet­ter in­te­grate into its Cur­rys PC World stores. Fewer cus­tomers have been re­new­ing their phones and de­mand for mo­bile con­tracts is down.

Dixons Car­phone shares have fallen more than 80pc in the past five years but closed up 6.5pc at 79.4p, valu­ing the com­pany at £925m.

The job cuts at Dixons are the lat­est blow to the high street af­ter lock­down turbo-charged the drift to­wards on­line shop­ping. Dras­tic job cuts have been un­veiled by re­tail­ers in­clud­ing John Lewis, Marks & Spencer, Deben­hams and Sir Philip Green’s re­tail group Ar­ca­dia.

In July, the busi­ness warned the pan­demic would de­lay the re­turn of the loss-making phone busi­ness to prof­itabil­ity, but most of its prod­ucts have been sell­ing in lock­down as con­sumers move on­line to pur­chase large-screen TVs, and com­put­ing and gam­ing equip­ment. It re­ported un­der­ly­ing pre-tax prof­its of £166m for the year to May, com­pared with £339m for the pre­vi­ous year.

On a statu­tory ba­sis, it posted nar­row­ing pre-tax losses of £140m, down from losses of £259m the year be­fore.

Alex Bal­dock, the chief ex­ec­u­tive, who joined in 2018, is try­ing to turn its for­tunes around.

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