WH Smith has said it could axe up to 1,500 jobs after the pandemic pushed down the number of customers going into its stores.
The high street giant said on Wednesday it could cut up to 1,500 jobs as part of a restructuring of its UK store operations.
The proposals from the business, which has branches across Birmingham, including in New Street Station and in the city centre, come due to a coronavirus-driven fall in customers.
WH Smith said its travel and high street shops are affected.
The company was founded more than 200 years ago but expects a loss of between 70 million pounds and 75 million pounds for the year.
WHSmith said its restructuring plans will see 1,500 jobs go across the business, with proposals expected to cost the company between £15 million and £19 million.
The retailer said group revenues were down 57% in July compared with the same month last year, after its travel arm was particularly badly hit by the pandemic.
It said it now expects to make a loss of between £70 million and £75 million for the year to August.
Nearly 4,500 jobs have been lost only a few days into August as the furlough scheme starts to wind down.
Dixons Carphone, Pizza Express, Hays Travel and DW Sports have all announced major redundancies, or plans that could put hundreds of jobs at risk.
It comes as many businesses have to decide whether to keep staff who have been on furlough on their books as the Government’s coronavirus job retention scheme starts to unwind.
More than 26,000 jobs were lost at British employers in July, according to analysis by the PA news agency.
It was a small decrease from June when almost 30,000 jobs were lost at British employers when stripping out the effects of BP and HSBC, whose combined 45,000 jobs losses announced in July will be spread around the world.