This Is Rutland National News,News Wilko To Axe Nearly 4000 Jobs From Its Stores

Wilko To Axe Nearly 4000 Jobs From Its Stores

Wilko, formerly known as Wilkinsons, is looking to cut nearly 4000 jobs due to rising costs and difficult trading.

Wilko SignIt is consulting with 3900 Wilko employees about shop staffing roles with the help of the GMB union about stripping out a level of supervision roles across its stores throughout the UK. This will allow for the creation of 1000 new senior roles and a significant amount of customer service roles.

Wilko retail director Anthony Houghton said the consultation was needed to ensure all retail operations are fit for the future. Wilko’s staff consultations will run until October and will affect thousands of store staff.

Wilko pre tax profits according to its latest accounts was 80% lower in the year to January 28th. It also suffered from a slump in sterling after the EU referendum. The introduction of the National Living Wage also came in for fierce criticism which it said was well above what was expected.

Wilko has 406 stores across the country employing 20,000 people but has struggled to compete with other discount chains such as Poundland and B&M. The company was founded by James Wilkinson in Leicester in 1930 and is still owned by the Wilkinson family.

The company was committed to the future growth of the business and reviewing how we stay relevant to our customers. We do this by making sure all retail operations are fit for the future in order to provide customers with the best possible service.

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