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WH Smith could cut 1,500 jobs in UK restructuring

Aug 5 – British retailer WH Smith said on Wednesday it could cut up to 1,500 jobs as part of a restructuring of its UK store operations due to a coronavirus-driven fall in customers at its travel and high street shops.

The company, founded more than 200 years ago as a news vendor in London, said it expects to deliver a headline pretax loss of between 70 million pounds and 75 million pounds for the year ended August 31.

($1 = 0.7654 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Aditya Soni)

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