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Alliance Boots will slash 900 jobs across the UK
ALLIANCE Boots will shed 900 non-store jobs over the next three years, in a bid to cut costs.
The group, which specialises in chemist and beauty services, said the cuts would not affect staff in its stores and that it hoped to achieve the cuts where possible through natural staff turnover and redeployment.
Alliance Boots, which was bought by US private equity firm Kohlberg Kravis Roberts for £11bn three years ago, said the cost cutting measure should save it roughly £56m per year by 2013-2014.
The cuts are expected to take place in the group’s beauty and health division will take place in Nottingham, at the company’s UK base.
The company employs up to 115,000 people worldwide, with 70,000 in the UK.