According to recent market intel, retail workers are more likely to be made redundant and endure a significant period of unemployment than workers in any other sector.
The retail sector’s employment share has fallen by 12% since 2003 as the rise of online shopping, high business rates and dwindling footfall has forced many retailers to abandon the high street.
Redundancy, in whatever sector, evokes an emotional response, especially if the employee has worked for a company for many years. Whilst it is never nice being on either side of the redundancy coin, there are ways in which to ensure that it is more palatable.
Debenhams has named 22 of the 50 stores it plans to close as part of a plan by new owners to revive the department store chain. The retailer says the store closures will start next year and 1,200 staff will be affected by the first phase.