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WH Smith issues statement about its future putting 1,500 jobs at risk

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High street newsagent's WH Smith is planning to cut up to 1,500 jobs as bosses said its recovery from the Covid-19 lockdown has been "slow".The retailer said it is starting to consult with staff over plans that could see as many as 1,500 of them losing their roles.The company said it needed to reduce costs as its shops in airports and train stations are hit by low passenger numbers and its high street stores also suffer from low footfall, reports PA.The company said just over half of its UK travel shops have reopened and that 246 of its largest sites have started trading again.All of its 575 high-street stores have opened, the business said, but footfall is strongly down compared to last year.Revenue was 57% lower last month compared to.

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