Rent to own specialist Brighthouse has announced that it is shutting 30 of its shops cutting 350 jobs amid tough conditions on the High Street.
Brighthouse, which employs about 3,000 people, said it had informed staff.
A Brighthouse spokesman said: “We are working to redeploy as many people as possible into alternative roles but redundancies will be inevitable.”
“We will be speaking to all customers affected by the store closures and either transferring them to another local store or serving them online.
“We’re also introducing PayPoint, allowing customers to pay BrightHouse in cash at 28,000 locations across the UK.”
In its most recent results for the six months to 29 September, Brighthouse reported a rise in pre-tax losses to £22.1m from £19.9m in the comparable period.