Monsoon Accessorize will make up to 50 staff redundant as part of ongoing efforts to restructure the business.
Up to 50 head office roles will enter redundancy consultation. It is not yet known which teams will be affected.
The redundancies follow the approval of the retailer’s CVA, which passed its creditor vote on Monday, but are not a result of the property process.
The CVA has allowed Monsoon to cut rents at around half of its 258 stores by between 25% and 65%. It is not closing any stores as part of the CVA but may choose to do so as leases expire.
A spokesman for Monsoon Accessorize said: “We have communicated to colleagues at head office that some roles across a number of teams are at risk of redundancy. These colleagues have entered into a period of consultation and our aim is to keep the number of redundancies to a minimum, with a view to securing suitable roles within the group where possible.
“The approval of the company CVAs was an important step in the wider restructuring and turnaround plan for the Monsoon and Accessorize businesses. As part of our restructuring, we must ensure that the businesses have the appropriate structures and teams in place to deliver our turnaround.”
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