NEWS | WHSmith could axe 1,500 jobs with £75 million loss expected this year

WHSmith is expected to make up to 1,500 job cuts, with the company blaming the Coronavirus pandemic for a loss in customers and a likely £75 million financial loss.

WHSmith group chief executive Carl Cowling said: “In our travel business, while we are beginning to see early signs of recovery in some of our markets, the speed of recovery continues to be slow.

“At the same time, while there has been some progress in our high street business, it does continue to be adversely affected by low levels of footfall.

“As a result, we now need to take further action to reduce costs across our businesses.

“I regret that this will have an impact on a significant number of colleagues whose roles will be affected by these necessary actions, and we will do everything we can to support them at this challenging time.”