Feb 19 β€’ 05:00 UTC πŸ‡¬πŸ‡§ UK Guardian

Retailers in the UK plan to cut staff hours and jobs amid rising employment costs

UK retailers are set to reduce staff hours and jobs due to increased employment costs and a negative economic outlook.

UK retailers are grappling with significant cost increases related to employment, prompting a large number of them to plan cuts in staff hours and job positions. A recent survey from the British Retail Consortium (BRC) indicated that approximately 61% of finance leaders in retail are considering reducing working hours or cutting overtime. Furthermore, more than half of the respondents (55%) cited intentions to eliminate head office jobs, while 42% acknowledged potential job reductions within physical stores due to these financial pressures.

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