Boots to cut 700 jobs

Boots is set to be axing around 700 jobs in the UK as the store merges with US pharmaceutical giant Walgreens.

Boots has confirmed that the roles are not “store based” but rather the majority of cuts will affect support offices in the country, with the Nottingham branch expected to lose 400 jobs. The £1billion cost cutting plan, laid down by Walgreens in April of this year, is expected to make many current employees redundant. However, Boots has stated that some positions will be shed by simply not rehiring after a retirement or resignation.