WHSmith is making over 100 redundancies at its travel stores as it focuses on its airport, train station, and hospital business. The company is planning to sell its high street division and invest in its travel arm, which generated £126 million in profit last year. Managers are being asked to reapply for new roles with lower pay.
READ MORE: WHSmithMore than 100 staff at WHSmith's travel stores are being made redundant, MailOnline can reveal - as the firm gears up to focus exclusively on its business in airports, train stations and hospitals.
The firm, which now brands itself 'the global travel retailer', informed managers at around 40 per cent of its 579 travel stores across the UK that they were at risk of redundancy at the end of November. The email read: 'We're not proposing these changes lightly. We fully understand the impact these changes will have on some of our valued colleagues, and we are committed to supporting them.'
The firm informed managers at around 40 per cent of its 579 travel stores across the UK that they were at risk of redundancy. File image WHSmith sources insisted the move was a net positive - with 215 roles created across 'team leaders' and shop assistants, putting more workers on shop floors.Data from jobs site Glassdoor suggests managers were previously paid an average of £27,148.
Whsmith Redundancies Travel Retail Restructuring High Street
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