Monsoon Accessorize to cut up to 50 roles

Monsoon index

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.

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