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Dixons Carphone, Pizza Express in latest round of proposed redundancies with 1,900 jobs potentially culled

The electricals retailer is planning a leaner business model while the restaurant chain is up for sale

Dixons Carphone PLC - Dixons Carphone, Pizza Express in latest round of proposed redundancies with 1,900 jobs potentially culled

Dixons Carphone PLC (LON:DC.) and Pizza Express are the latest high street names to propose redundancies to save cash amid the coronavirus crisis.

The electricals retailer said it is pursuing a leaner business model and will cut 800 roles.

READ: More retail jobs at risk as DW Sports, M&Co to enter administration

This includes introducing more customer-focused jobs, such as operational excellence managers and removing roles such as retail manager and team leader.

The FTSE 250-listed firm, which announced plans to close all standalone Carphone Warehouse stores earlier this year, said some staff could join the ShopLive team, which provides expert advice from home via video link.

In the hospitality sector, Pizza Express is mulling over the closure of 15% of its UK restaurants, with 1,100 jobs at risk.

The restaurant chain, which is owned by Chinese investor Hony Capital, had been struggling well before the crisis, with a debt pile rumoured back in November to be £1.1bn.

It has also started a formal sale process to find a new owner.

Currently, 166 of its 449 restaurants are open with “encouraging” customer demand.

Shares in Dixons Carphone rose 4% to 77.3p on Tuesday at noon.

Quick facts: Dixons Carphone PLC

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