WH Smith warns 1,500 jobs at risk as coronavirus deals latest high street blow

WH Smith has said it could axe up to 1,500 jobs after the pandemic pushed down the number of customers going into its stores.

It said that while shoppers were coming back to branches in airports and train stations it isn't near the levels seen before the coronavirus crisis.

If the job cuts go ahead, it will be the latest blow to the high street following lockdown.

WH Smith chief executive, Carl Cowling, said: "While we are mindful of the continuing uncertainties that exist, we are a resilient and versatile business.

"The operational actions we are taking along with the financing arrangements that are in place, put us in a strong position to navigate this time of uncertainty and we are well positioned to benefit in due course from the recovery of our key markets."

More to follow…

For the latest news on this story keep checking back at Sun Online.

Thesun.co.uk is your go to destination for the best celebrity news, football news, real-life stories, jaw-dropping pictures and must-see video.

Download our fantastic, new and improved free App for the best ever Sun Online experience. For iPhone click here, for Android click here. 

Like us on Facebook at www.facebook.com/thesun and follow us from our main Twitter account at @TheSun.

Source: Read Full Article