Jungle.com folded into Argos
150 jobs at risk
There are fears that 150 jobs could be lost at technology etailer, Jungle.com, following a decision to cut costs.
Jungle.com is to be merged with Argos Retail Group (ARG) and managed from retailer's offices in Milton Keynes, from where it operates its other ecommerce operation including Argos.co.uk.
Both operations are part of the Great Universal Stores (GUS) stable of companies.
Staff were told of the move yesterday at the beginning of a 90 day consultation period. The integration process is expected to cost the company £10m and GUS insists that the Jungle.com brand will remain.
Speaking to the AFX newswire service GUS finance director David Tyler, admitted that there is a "likelihood…that a good deal of the [jobs] will be lost".
In a statement Terry Duddy, Chief Exec of ARG, said: "We regret the potential loss of jobs but by integrating jungle.com more closely within ARG we will be able to provide our customers with an improved and compelling offer."
However, insiders have told The Register that this is effectively spells the end of Jungle.com and will leave the operation with little more than its distinct livery and paw-print logo. They also claim the job cuts and integration are being undertaken to stem losses at the company.
GUS bought Jungle.com for £37 million in September 2000. ®