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Job cuts at Thorntons HQ as sales slump

Last updated on 14-Jul-2010 at 11:54 GMT2010-07-14T11:54:51Z

Job cuts at Thorntons HQ as sales slump

Thorntons will cut 35 jobs at its head office over the next three months as part of a restructuring programme.

The chocolate firm, which posted a 4.1% drop in sales to £26.6m in the 10 weeks to June 26, said: “Since the period end the company continued to implement a number of cost control measures and has announced a staff restructuring programme leading to a reduction of some 35 head office employees over the next three months.

While sales through its own store network slumped 6.2% to £17.5m over the period, sales of Thorntons-branded products at other retailers were up 7.2% to £6.5m, despite widespread destocking after Easter, said the firm.

Thorntons will release its full-year results on September 8.