Boots to cut 700 office jobs as part of cost savings driveComments Off on Boots to cut 700 office jobs as part of cost savings drive
The retailer, which is owned by US giant Walgreens, will cut 400 roles from its UK headquarters in Nottingham and a futher 300 supporting roles elsewhere.
The company will offer voluntary redundancies and seek to redeploy or retrain some staff.
The decision is part of Walgreens’ cost cutting drive outlined earlier this year, as well as plans to build its digital operations.
“Boots is simplifying the structure of support functions in order to provide a better level of service for stores and allow for a more focused investment in key areas to drive future growth,” the firm said.
Three years ago, Stefano Pessina, the executive chairman of Alliance Boots, said the company’s sale to Walgreen’s would not result in job cuts.
“How could I do a deal to kill Boots?” Pessina said at that time.
“I have done a deal to make Boots more visible, more international, to create a lot of new markets for Boots and for Nottingham.”
Walgreens’ £16 billion takeover of Boots was approved in December and came into effect in January.
Boots now has 2511 stores in the UK and 633 opticians practices.
Walgreens and Boots have around 12,000 across the globe.