Wilko said it's 'had to take some necessary and difficult decisions' to create a new operating structure
Wilko has shared its plans to move forward following retailers announcement that 400 jobs would be lost. The household and garden retailer which has its headquarters in Nottinghamshire said has created a new senior leadership team to help stabilise the business and speed up the turnaround.
"As part of this we quickly identified significant changes to the Wilko operating model to enable us to stabilise the business, and then thrive again." He explained that the business has reviewed its strategic plan and set three key priorities to focus on going forward, which include getting the business in better shape, driving sales both instore and online, and driving down operating costs.
He added: "This includes some changes to our management structure at both our stores and head office. Right now, we’re unable to confirm the scale of change as conversations are ongoing but it will mean a number of roles will be made redundant to support the wider plan. To ensure these changes will be carried out, the 93 year old retailer has put a more streamlined senior leadership team in place. Dave Murphy Group Finance Director, Dave Murphy, will become Chief Finance Officer replacing Karen Mackay.
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