Retailers looking to cut staff hours due to high employment costs, bosses warn

Many retail bosses were pessimistic over the future (Stefan Rousseau/PA) - (PA Wire)

Soaring employment costs mean retailers are looking to reduce staff hours or even cut jobs, industry bosses have warned.

New research from the British Retail Consortium showed that 61% of retail CFOs (chief financial officers) and finance directors plan to “reduce number of hours and overtime” for staff.