High street retailer cuts workforce as it scrambles for survival
Cost cutting and tough market has been blamed for Myer’s trim to its workforce, just announced.
‘We have undertaken a major review of all support function expenditure, including services provided, marketing and events, IT, HR (human resources), merchandise and supply chain with a view to rebasing our cost structure to align to the operating conditions we face,’ CEO Bernie Brooks said in a statement this afternoon.
“Consequently, around 100 roles have been made redundant across the business.”
The retailer employs around 13,000 in total across the country and is the latest survival tactic the struggling store has undertaken of late.
Brookes also said Myer regrets ” the impact on those team members affected and have provided assistance to them in terms of severance payments and support for job transition,.”
“We have determined a support structure that will take the business forward and underpin our investment in our core offer, including continuing the investment to improve customer service, enhancing our merchandise offer, our loyalty program, delivering our omni-channel offer and optimising our store network.”
