Ted Baker furloughs 75% of workforce | News

Davida Erdahl

Ted Baker has furloughed all over two,000 workers, such as head office personnel, as a final result of the coronavirus crisis. 

Personnel ended up advised yesterday of the selection, which influences all over seventy five% of the complete workforce.

A Ted Baker spokesman stated: “In line with the United kingdom government’s reaction to the Covid-19 pandemic, Ted Baker shops in the United kingdom are temporarily shut, which is obtaining a substantial impression on the company’s revenues. Ted Baker has by now taken a quantity of measures to cut down fees and guard cashflow, such as by suspending all non-vital capital expenditure and halting discretionary functioning expenses.

“Today, we are taking a further phase to cut down fees and safeguard work in the upcoming by placing a substantial quantity of our colleagues into the govt-supported furlough plan.”

The struggling retailer final 7 days appointed performing main govt officer, Rachel Osborne, into

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