More than 420,000 brick and mortar retail jobs lost since 2010, new analysis shows

More than 420,000 brick and mortar retail jobs lost since 2010, new analysis shows

9 Oct    Finance News, News

More than 420,000 traditional retail jobs have been lost since 2010, sparking fears that the high street may be in ‘terminal decline’.

New analysis by the GMB union shows that 420,242 traditional retail jobs have gone – a decline of 28.4% – since the Conservatives took power.

The figures emerge as the last Wilko stores close their doors for the final time, costing 12,500 workers their jobs after the much-loved chain collapsed.

The GMB will today  tell Labour Party Conference in Liverpool that more retail jobs will be lost unless economic reforms are made.

Delegates are due to debate a GMB motion which calls for the UK’s ‘archaic’ system of business rates to be replaced, alongside better protections for workers who are made redundant.

The union also wants tougher sentences when retail workers experience violence and other abuse.

The final hundred Wilko stores closed yesterday marking the end of the 93-year-old chain’s operations. The taxpayer is expected to pick up the more than £25 million cost of making Wilko workers redundant.

Andy Prendergast, GMB National Secretary, said:

“High street retail is at the heart of our communities, but customers and workers are denied a fair deal.

“These shocking figures are a wakeup call that Wilko was not the first, and it will not be the last.

“Better support for communities and workers who face redundancy is urgently needed.

“That’s why GMB is calling on the Labour Party to enact its pledge to replace the business rates system, strengthen redundancy rights, and establish minimum ownership requirements for critical national retailers.

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“Otherwise, the high street faces terminal decline.”

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