High street homeware chain Wilko has warned that almost 4,000 of its employees could face the axe as part of shake-up that will see it do away with a layer of management.
Wilko is the latest retailer to announce that jobs are on the line, with Asda and Sainsbury’s both confirming plans to reduce staff numbers earlier this week.
The high street stalwart has placed 3,900 stock supervisors, till supervisors and assistant managers into consultation which could lead to redundancy.
The family-run business, which saw profits drop by 80% last year, said it expected the new structure to create about 1,000 new senior supervisor roles.
Wilko added that the new “simplified retail team structure” would “ensure it is best placed to continue to thrive within an ever-changing retail landscape and to ensure it can operate successfully and competitively”.