AI summary
David Jones is closing half its stores and cutting thousands of jobs as part of an urgent restructure following its collapse into voluntary administration.
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David Jones to close half its stores triggering mass job losses under ‘urgent restructure’
Source excerpt
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Australia’s oldest department store collapsed into voluntary administration last week after years of steep losses David Jones is set to shutter half its department store network, triggering mass job losses under a sweeping restructure, receivers FTI Consulting said on Wednesday.David Jones employs more than 6,000 staff across 38 stores. Continue reading...
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