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More job losses announced as retail sector faces economic impact of Coronavirus pandemic

More job losses announced as retail sector faces economic impact of Coronavirus pandemic

More retail chains have announced job cuts and store closures as the Coronavirus pandemic continues to negatively impact the sector.

On Thursday, John Lewis announced that it would be closing eight stores permanently, putting 1,300 jobs at risk. Meanwhile, Boots has said that 4,000 jobs will be cut. The high-street retailer said that it is consulting on plans to cut head office and store teams, plus plans to close 48 of its optician outlets.

 

The announcements on Thursday of job losses come after the Chancellor Rishi Sunak set out measures to support the economy as it recovers from COVID-19 in a statement in the House of Commons on Wednesday.

A number of other retail outlets have already announced store closures and job cuts in recent weeks and it is feared by many that more will follow as the country continues to face the economic consequences of the Coronavirus pandemic.

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