delderek
29-06-2011, 10:23
Curry's Dixon
Warned underlying profits for the year to April 30 were now expected at around £85 million and outlined an action plan to deal with the dire trading, including potentially pulling out of Spain and further cost cutting across the group.
Dixons said it saw little option but to close its 34-strong chain across Spain - a move that would affect 1,200 staff.
It is now launching a consultation process as it reviews the business, which is making losses of around £5 million a year.
Warned underlying profits for the year to April 30 were now expected at around £85 million and outlined an action plan to deal with the dire trading, including potentially pulling out of Spain and further cost cutting across the group.
Dixons said it saw little option but to close its 34-strong chain across Spain - a move that would affect 1,200 staff.
It is now launching a consultation process as it reviews the business, which is making losses of around £5 million a year.