Alliance Boots announces it will cut 900 jobs by 2013
Cuts will mainly affect the company’s Nottingham headquarters
Alliance Boots, which was taken over by private equity firm KKR in 2007, has announced that it plans to axe 900 jobs in the next three years in a bid to save £56m per year by 2013.
No jobs will go at Boots stores around the country but instead the losses will come from “a streamlined manufacturing and supply chain, a smaller number of managers and new support systems employing fewer people,” the company has said.
The cuts will mainly affect Boots’ health and beauty division, and at a manufacturing site which makes health and beauty products for other companies, rather than in its pharmaceuticals arm.
Alex Gourlay is the ceo of Boots’ health and beauty division and he says that the changes are being made to remove extra layers of management that built up when Alliance Unichem and Boots merged in 2006. He says: “This is a completion of a task we knew would be a part of putting Alliance Unichem and Boots together. Our intention is to be open and transparent about how we see the future but we understand the impact that this announcement may have on our people.”