Walgreens Boots to cut 4,000 jobs in UK

Thursday, 09. July 2020 13:20

Walgreens Boots Alliance, Inc. announced on Thursday it will reduce its workforce in the United Kingdom by 4,000 or 7% under the Boots Transformation Plan.

The plan will include the closure of 48 Boots Opticians stores and an additional 20% cut in the UK support office, the company said. Walgreens Boots widened its cost-saving plan by $200 million to $2.0 billion by fiscal 2022.

Meanwhile, the company's sales landed at $34.6 billion in the third fiscal quarter, increasing 0.1% on an annual basis.

Related Links: Walgreens Boots Alliance Inc.
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Breaking the News / GA