Staff at Homebase Kew Southport given redundancy notices

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Staff at Homebase Kew Southport given redundancy notices

Staff at Homebase on Kew Retail Park, Southport, were  given redundancy notices on Tuesday night (4th June 2013) in a bid to bolster its balance sheet.

Home Retail Group, which also owns Habitat, revealed in its annual report on Tuesday that Terry Duddy was receiving a £662,000 bonus, a month after the group reported that profits had fallen for a fifth consecutive year.

In May the retailer reported a 23% fall in pre-tax profits to £99m in the 12 months to 2 March, with revenues broadly flat at £5.48bn. Duddy said then it had been “a challenging year”.

overall pay package of £1.55m, which is a 41% increase in salary and bonuses is no consolation for staff at Southport!

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