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Boohoo to create 5000 jobs in expansion plans

todayAugust 12, 2021

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Boohoo to create 5,000 jobs in expansion plans

They have purchased a series of failed high street names in recent years

Online retailer boohoo has announced plans to create 5,000 jobs by expanding its warehouse and building new IT systems over the next five years.

The company, which has faced criticism in recent years for poor working conditions at some of its suppliers, said the positions will come from an investment programme of £500 million to grow the business.

Jobs are expected to be created at both its head office in Manchester and warehouse in Burnley.

The announcement came as the company published a report into the economic impact of the business on the UK economy.

It found that boohoo added £559.4 million to the economy in the past year, including supporting 8,050 full-time roles – meaning the business now accounts for 4.4% of the total UK clothing and footwear retail sector.

Bosses added that for every job created by the group a further 1.7 were added to the wider economy.

New rules have been implemented across the company and some suppliers no longer work with the firm, which has snapped up a series of failed high street names in recent years, including Coast, Karen Millen, Dorothy Perkins and Debenhams.

Published: by Radio NewsHub

Written by: Holiday Radio News Team

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todayAugust 12, 2021