Stationery chain Ryman has placed a number of shop floor and head office workers on consultation amid ongoing Covid restrictions across England.
The high street giant, which was founded in 1883 and is run by Dragons Den businessman Theo Paphitis, told staff their jobs are at risk in January as the company entered consultation talks.
In a letter sent to thousands of employees - and seen by Mirror Money - Paphitis said the decision is "tough" but necessary to keep the business trading “for decades to come".
He said that a growth in online sales during the first and second Covid lockdowns have not been enough to compensate for losses across the chain's 200 high street stores.