Dixons to axe 350 HQ jobs – report

Oh dear

Dixons is to axe up to 350 jobs at its HQ in Hemel Hempstead, according to Ananova.

The job losses are expected to hit the company's office staff and are not expected to impact its retail outlets. The high street electrical retailer has already begun consulting staff about the job cuts.

No one from Dixons was available for comment at the time of writing. However, it seems that shaky economic conditions appear to be behind its decision to cut jobs.

In January, Dixons reported that it had experienced a miserable Christmas after confirming that sales during December were "below expectations".

As a result Dixons warned that full-year profits were being downgraded to around £300m from around £320m.

At the time Dixons chairman Sir John Collins said: "Trading in the UK over the Christmas period has been below our forecasts. With an increasingly uncertain economic outlook and consequent risk to consumer confidence, we are cautious about the near term outlook for our markets." ®

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