1. ITV Report

Fenwick restructure could mean job losses

Department store Fenwick has announced there may be job losses on the horizon due to a 're-structuring' within the company.

Fenwick have announced they are entering into a 45 day consultation process. In this time, they will determine how many posts may be made redundant.

The new structure hopes to "protect the company's ‘local’ DNA" which is centred around the flagship store in Newcastle, which opened in 1882.

Fenwick has today announced a proposal to modernise and reorganise the business, moving to a functionally-led structure while retaining our local focus. We are consulting all colleagues about proposed structural changes.

These proposals are part of a broader strategy to modernise the business and to invest in both Fenwick’s multichannel offer - including IT upgrades and e-commerce - and its flagship Newcastle store.

– A spokesperson for Fenwick
Fenwick Christmas window is one of the main festive attractions in Newcastle Credit: PA

Various departments including Fenwick's Group Finance Operations, HR Centre of Excellence and IT will all now be based in new office space at Fenwick’s flagship store in Newcastle.

The company also says they will continue to develop the Newcastle store with £30m worth of investment over the next three years.