Retailers are increasingly considering redundancy and restructuring options, as economic headwinds and trading costs hit the bottom line.
Ragtrader can reveal the workplace relations team at the National Retail Association has fielded more than double the number of retailer enquiries pertaining to redundancy and restructure from 1 January 2024 to May 2024, compared with the same period last year.
The figures are in line with broader movements across the industry, with retailers such as Myer and Aje announcing redundancies across their businesses this year.
National Retail Association interim CEO Lindsay Carroll said a number of macroeconomic factors are forcing retailers to consolidate costs.
“Retailers are facing significant headwind…
Read the full article at: https://www.ragtrader.com.au/news/retail-redundancy-enquiries-doubling-amid-trading-crisis