Nursery and baby products retailer Mothercare has cut around 200 jobs at its Watford-based head office as part of its ongoing restructure to keep the business afloat.
The news has come as Mothercare takes the necessary measures to meet the £19m cost-savings target which was outlined in the rescue plan made earlier this year. While 200 staff have been told their jobs will be lost as the business restructures, 5o new roles will also be created.
“We have today been communicating with our staff regarding the next stage of Mothercare’s transformation to ensure we have a sustainable, global brand which can be the leading global specialist for parents and young children,” said a spokesperson for the retailer. “This follows the comprehensive measures taken in recent months to provide a renewed and stable financial structure for the group.”
Mothercare will have a UK store estate of 77 stores by June 2019, with 19 of those stores on reduced rent.
