Luxury British department store Harrods said today it plans to cut up to 672 jobs because of the coronavirus crisis, which kept its flagship branch in central London closed for nearly three months.
Harrods, which is owned by the Qatar Investment Authority (QIA), told staff it needed to shed up to 14 per cent of its total workforce of 4,800.
Employees affected will primarily be in parts of the business that have been worst hit by the lockdown.
Chief Executive Michael Ward warned it would take a drastic improvement in external conditions for Harrods’ business to recover and return to growth.
The job losses at Harrods add to a grim toll for the sector.
The owner of Upper Crust and Caffe Ritazza said earlier today it may cut up to 5,000 jobs, while Philip Green’s Topshop-to-Dorothy Perkins Arcadia group said it was shedding 500 posts. — REUTERS