Stannah announces redundancies as it restructures post-COVID

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Stannah has confirmed that it will make business changes in response to COVID-19 uncertainty.

It explained that following a review of the impact of COVID-19 on the business and the uncertainty around the future, Stannah concluded that there was a need to refocus efforts.

The firm will seek out areas to operate more efficiently.

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Unfortunately, this will lead to the restructure of a number of departments and roles across the group and a number of proposed redundancies.

The business expects to reduce headcount across the group by around 75, approximately 5% of its UK workforce with consultations with those affected beginning this week.

Jon Stannah, the group’s managing director, said: “The COVID-19 pandemic will go down as one of the most disruptive events in history, not only in the personal cost to so many lives, but the wider cost to the economy and all that brings with it.”

We are very disappointed to be making this difficult announcement, particularly after our record year in 2019. We have a highly skilled and loyal workforce that we value immensely and the factors that have led to this are not of our making.”

Adding: “If we want to survive through this current crisis and protect the business for the long term, it has become clear to us that we have to make some incredibly tough decisions about putting the business in the best shape to navigate the crisis that we find ourselves in.”

Reflecting on how the virus has affected business, Stannah concluded: “The last few months have been a period of unprecedented change and uncertainty for all of us and I am sincerely grateful for the resilience and support our staff have shown throughout. We are committed to doing what we can to support those affected including enhancing any redundancy payments and providing outplacement support.”

As the country begins to start working post-COVID, it will soon become mandatory in the UK to wear face coverings in shops.

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Tags : businessCoronaviruscovid-19redundanciesstannah
Alex Douglas

The author Alex Douglas

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