The pub chain emailed all 417 employees to warn them that up to 130 senior manager and staff risk redundancies.
“The decision is mainly a result of a downturn in trade in the pub and restaurant industry generally, a reduction in the company’s rate of expansion and a reduction in the number of pubs operated from 955 in 2015 to 873 today,” chief executive John Hutson was quoted as saying by the Evening Standard.
“All head office employees will be affected by the process, with the exception of those working directly in Northern Ireland and the Republic of Ireland.”
Shares dipped 1% to 911.5p on Thursday late morning.
Published at Thu, 06 Aug 2020 10:16:00 +0000-Wetherspoons to cut a third of head office jobs