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| WH Smith may cut 1,500 jobs after sales plummet | |
| (32 minutes later) | |
| WH Smith is considering cutting 1,500 jobs - 11% of its workforce - after lockdown caused sales to plummet. | |
| A trading update said it expected to make losses of between £70-75m. | A trading update said it expected to make losses of between £70-75m. |
| The company said it had been a very difficult decision. It said it was committed to supporting colleagues throughout the process and ensuring it was conducted fairly. | The company said it had been a very difficult decision. It said it was committed to supporting colleagues throughout the process and ensuring it was conducted fairly. |
| The newsagent is the latest High Street name to consider radical action amid the chaos caused by the coronavirus. | The newsagent is the latest High Street name to consider radical action amid the chaos caused by the coronavirus. |
| The company, which has 612 High Street shops and employs more than 14,000, saw revenue at its worst-hit divisions, those at airports and rail stations, fall by 92% in the first month of lockdown. | |
| Its best performing division, the High Street, was still 25% down on last year in July after lockdown eased. | |
| The announcement comes after William Hill said 119 of its High Street betting shops would not re-open after the shutdown forced by the coronavirus outbreak. |