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Around 100 jobs to be lost at Primark headquarters in Dublin as company announce major scale backs in ‘difficult' call
AROUND 100 jobs are set to be lost at the Primark Headquarters in Dublin amid cut backs across Ireland, the UK and the US.
The parent company of
These job losses would span across procurement, finance and HR.
And around 100 of the 150 proposed redundancies would hit the Primark head office in
There are currently 1,500 staff employed at the site in the capital.
The redundancies come amid a proposal by
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Reportedly Accenture in Mumbai would take over these actives.
A spokesperson for the company said the decision was not taken lightly and supports would be in place for those
However, the company maintain the decision will allow them to "focus" their own resources.
A Primark spokesperson said: "As we continue to grow internationally, we need to evolve our operating model to best support this ambition.
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"We're exploring how resourcing via external partners could help support our operations so that we can focus our own resources on what we do best."
"As part of this, we are now proposing that a number of support function activities move to a third party and we are beginning a collective consultation."
"This unfortunately will impact a number of Primark colleagues primarily in our head office operations."
River Island confirms which 33 stores are shutting as a further 70 at risk in huge shake-up – is your local going?
The spokesperson added: "We understand how difficult this news is for those colleagues affected and we'll be working to support them as best we can."
The Irish layoffs represent around seven per cent of the 1,500 staff based at the international headquarters in Dublin.
FUTHER RETAIL BLOW
It is the latest blow for the Irish retail sector amid the
River Island has announced the closure of its Henry Street branch.
In a poster on the shop window, the retailer said they will be closing later this month.
The branch, which is one of 24 across the country, will close their doors on June 27.
It comes amid River Island closures in the
The retailer is set to undergo a restructuring as a result of tough trading conditions.
The latest one to shut is located in Banbury, and will close on June 28.
Sky News reported that the owners of River Island brought in advisers from PricewaterhouseCoopers (PwC) to come up with money-saving solutions.
PROFITS LOSS
Proposals are expected to be finalised in weeks, though sources have reportedly claimed no decisions have been approved on the retailer's future.
Accounts for River Island Clothing Co for the year ending 30 December 2023 showed the firm made a €38million pre-tax loss.
Then the turnover during the following 12 months fell by more than 19 per cent to €677million.
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Primark is the parent company of Penneys
