Dutch department store chain De Bijenkorf has announced another restructuring, cutting 64 jobs at its head office after cutting 37 managerial positions in its stores earlier this month.
Increasing efficiency
64 of the 450 jobs are being cut at the Bijenkorf’s head office, after an earlier loss of fifteen jobs there earlier this year. Moreover, just a week ago, 37 managerial positions in the seven stores also disappeared. By reducing the number of managers and merging a number of departments, the chain wants to cut costs and increase efficiency.
The management says it regrets the measures but stresses that they are necessary. Bijenkorf recently posted a net loss of 10.8 million euros on sales of 524 million, although there was a small operating profit of 2.8 million euros. Like many retailers, the chain is struggling with sharply rising costs, while the economic context remains challenging.
