Selfridges to axe 450 jobs due to Coronavirus
Author: Daniel Feliciano | Tuesday 28th July 2020
Selfridges have announced they will axe 450 jobs due to the Coronavirus pandemic.
In a statement released on Tuesday morning, Selfridges made the announcement that they would need to let around 14% of their entire work force go due to sales being "significantly lower" than last year.
The Coronavirus global pandemic saw shops across the world close down for several months as governments looked to halt the amount of public gatherings and non-essential shopping to prevent the spread of the disease. Over 45,000 people have died from the disease in the UK alone, with global numbers hitting over 650,000 deaths.
In yet another blow to the public, Selfridges' decision means more unemployment rises. Many small companies have had to close down during these times, while other more stable companies have had to change the way they work. With more and more companies finding a way to make it happen from home, less people have been needed and plenty have seen their household income struck down as a result.
The governments furlough scheme, which was put in place to combat unemployment numbers, is due to end in October 2020.