High street retailers Matalan said yesterday jobs would go across the board as it looks to control spending. The struggling group has begun talks with staff that could see hundreds of jobs axed among its 17,000-strong workforce. The company said: “No final decision has been taken at this stage.” News of the talks comes just a week after consultant Verdict Research warned that 150,000 jobs could be lost on the high street by 2010.
Stores are suffering as shoppers worried about the slowing housing market cut back. Matalan is expected to make only the same profits this year as last. Sales were down 8.8 per cent in March and April. John Gorle, national officer at shopworkers union USDAW, said the slowdown on the high street was the worst for 20 years. But he added: “We believe the vast majority of retailers will rise through this. It’s not an insurmountable problem.”
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