O2 to close 40 shops in retail restructure
17 January 2011 09:44
Mobile operator O2 is to close 40 smaller stores in a retail restructure. Around 400 roles will be cut from the company although 250 new positions will be created.
The group will use to the proceeds to invest in larger stores. O2 plans to refit more than 100 stores this year.
An O2 spokesperson said: "We are streamlining our management structure so that we can invest more in the experience we deliver to our customers.
We do expect some redundancies and have been consulting with all our representative bodies to discuss the impact of these changes.
For those people affected we will be looking at redeployment into other roles or discretionary voluntary redundancy. We will do everything we can to avoid any compulsory redundancies."
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