Jul 20, 2020

Ted Baker set 'to cut 500 jobs' at stores and HQ

Ted Baker looks set to cut about a quarter of its UK workforce after the coronavirus pandemic added to its financial difficulties. The fashion retailer did not confirm the number, but there are reports 500 store and the head office jobs will go. About 200 jobs will go at the Ugly Brown Building, its London headquarters, with the rest from its 46 shops across the UK and Europe, as well as many store concessions. The High Street brand confirmed that the latest job cuts came as part of a "Continuing transformation plan". Boots said that 4,000 jobs will go, while John Lewis is shutting down eight stores, putting 1,300 jobs at risk.

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