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Last Updated: Friday, 19 August 2005, 13:56 GMT 14:56 UK
Matalan confirms 300 redundancies
Matalan store
Matalan blamed a spending slowdown for the cuts
Clothes retailer Matalan has confirmed that it cut 300 staff, including 100 jobs at its headquarters in Lancashire.

The company announced the redundancies in June, saying it was looking to save 15m a year because of slowing sales.

Matalan, which employs about 14,000 people, said most of the cuts were done through voluntary redundancies and relocation within the group.

The discount firm's head of human resources, Anthony McDaniel, is among those who have decided to leave.

'Regrettable but prudent'

Each of Matalan's 190 stores has lost no more than one member of staff, a spokeswoman said.

Matalan said that the "move has been regrettable but prudent given the challenging retail environment".

The UK's retail sector has been under pressure and 8,000 jobs are thought to have been lost in the first half of the year.

Higher interest rates, a slowing property market and rising debts have been blamed for the slowdown in consumer spending.


SEE ALSO:
Matalan cuts jobs in costs drive
12 Jun 05 |  Business
Matalan slowdown after 2004 surge
04 May 05 |  Business
Matalan shakes off retail gloom
02 Mar 05 |  Business


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