Chemist + Druggist is part of Informa PLC


This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction

Lloyds chief can't guarantee cuts won't lead to job losses

The managing director of Lloydspharmacy's parent company cannot promise that no staff will lose their jobs as a result of the funding cuts. 

“I don’t intend to close any stores," Celesio UK's Cormac Tobin told C+D in an exclusive interview last month (February 14).

However, Mr Tobin “won't make any commitments” on whether all of the company’s staff – who number approximately 17,000 – will keep their jobs. 

“I run a business at the end of the day. I don't make any empty promises about how we're going to do it,” he said.

Mr Tobin said Celesio UK has "considerably tightened [its] belt" since December's drop in funding across England, and he is "looking at every cost right across [the] business".

“Whatever changes we make, the impact on the customer is most important. If we make changes to personnel that impact customers, we're going to go out of business anyway," he added. 

Sympathy for independents

Mr Tobin also expressed concern for the plight of independent pharmacies trying to survive the funding drop.

“The cuts must keep a lot of people awake at night,” he said. “It's so draconian. Frontline pharmacy is hard and owning your own store is even harder.

"How would you feel running a business that's dropped £20,000-30,000 because of the change? Upset. Distressed," he added.

Brexit brings added pressure

While the sector comes to terms with the funding cuts, Mr Tobin said “in terms of big business, Brexit has created more uncertainty than anything".

Celesio UK has set up a “Brexit task force” to manage the effects on the business of the UK leaving the European Union. 

"[We are] already seeing retail slow down... and increasing [medicine] pricing pressure," Mr Tobin added.

Are you concerned about your job as a result of the funding cuts?

Related Content

Topics



Superintendent Pharmacist
Ayrshire
Salary: From £60,000.00 per year

Apply Now
UsernamePublicRestriction

Register

CD008629

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Thank you for submitting your question. We will respond to you within 2 business days. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel