Wednesday, September 11, 2013

Waterstones Management Restructure Nears Completion

Shelf Awareness

Approximately 200 of 487 Waterstones managers have left their positions at Waterstones during company-wide restructuring. The Bookseller reported that while "a small handful of people remain in consultation over their positions, the overwhelming majority of decisions on branch and assistant managers have now been made, with around 130 leaving their posts" in addition to the 66 managers whose departure was announced earlier this summer. The total includes those who have decided to accept non-managerial bookselling positions within the company. "Part of the consultation process was that anybody could take voluntary redundancy and in the end quite a few did, which included some people we might not have wanted to go," Waterstones managing director James Daunt said. "I think that part has been a relatively positive side of this--there were people who wanted to stay but there were also people who wanted to go, and those people have a chance to go in a different direction."

Daunt added that the company has begun hiring new staff for the bookshop manager positions who are lead booksellers or senior booksellers: "I don't in any way celebrate their [the managers'] parting but it is an inevitable consequence of this process to give that opportunity to booksellers coming through, some of whom are extremely capable."

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