Waterstones boss warns staff job cuts will follow if UK leaves EU

In an email to staff, James Daunt predicts ‘significant retail downturn’ should Britain leave, reversing ‘hard-won gains’ of recent years

The boss of Waterstones has warned staff the bookseller would have to cut jobs if the UK votes to quit Europe, as the upheaval would trigger a “significant retail downturn”.

James Daunt told employees a victory for the leave campaign would potentially “reverse much of the hard-won gain of the last few years” at the bookseller. Daunt made the warning in an email sent to thousands of its store staff, managers and head office staff.

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