Debenhams has placed hundreds of jobs in redundancy consultation amid a major cost cutting drive, as rumours about a possible takeover continue to circle. The embattled department store’s redundancy talks are expected to result in around 90 staff losing their jobs across its fashion and home departments, stripping out layers of management. “We announced our intention to restructure our organisation around three business units: beauty and beauty services, fashion and home, and food and events earlier this year,” Debenhams said in a statement.
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Hundreds of jobs threatened at Debenhams as it launches redundancy consultation