El Corte Inglés to reorganise the company
What: the Spanish retailer proposes voluntary redundancies
Why is it important: online sales thrived, leading to over-staffing
Personnel cuts in Spain would take the form of 3 000 voluntary redundancies.
The retailer aims to improve “the company’s financial viability, its positioning within a changing market, and to keep pace with the retail sector's restructuring and its new scope, following the rise in online shopping.”
El Corte Inglés is one of the country's leading private employers, with a staff of 63 000 in its retail division alone.