Lloydspharmacy has made 120 redundancies at its head office in Coventry following a restructure.

Retail Week revealed last month that the retailer was to make redundancies in the company’s IT, finance and human resources departments at its Warwickshire head office.

Lloydspharmacy has said it has made 120 redundancies, of which 60 were voluntary, after consulting on more than 1,000 jobs.

The consultation was triggered by a change to the retailer’s structure earlier this year by German parent Celesio. A new UK country board to oversee a shared operations strategy with its sister wholesale firm, All About Health (AAH) Pharmaceuticals, was formed in March.

A spokeswoman for Celesio UK said: “In April this year, we announced proposals to restructure the head office functions of Lloydspharmacy and AAH Pharmaceuticals and a consultation exercise with staff affected was initiated.

“The consultation has now ended. At the start of the consultation we had around 1,100 people who could have been affected by the restructuring. The appointment process has not concluded; however, we expect to employ in future around 980 people in the new headquarters.”

Former managing director Tony Page exited in January after just a year in the role and will not be replaced under the new structure.

Former AAH group managing director Mark James is chief executive of the newly formed Celesio UK country board.

Celesio UK denied claims from an insider that “morale is at rock bottom” at the company last month.