At New Look, the fast fashion retailer, 360 jobs have been axed. Even though a lot of efforts were being taken to balance out levels of junior and senior staffs, it seems to not work enough.
As seen from the prospective of a greater redundancy consultation, about 390 deputy store managers, 1000 of the retailers and 19,000 staff members along with sales managers have been released.
It has been stated that about 430 staffs have been so far been retained. On the other hand, 100 have quit the business because of the turnover. Furthermore, about 20 of them opted for a deferred redundancy. However, in the near future they too would get dismissed.
Regardless of the high number of loss of jobs, New Look is all set to hire about 250 more staff members. It is doing so because it wants to rebalance entire setting.