Mike Ashley-owned Evans Cycles to axe 300 staff

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Remainder of workforce to be moved on to zero-hours contracts in cost-cutting move

More than 300 jobs are expected to go at Evans Cycles, and hundreds of remaining store staff are to be switched to zero-hours contracts, as Mike Ashley’s Frasers Group aims to slash costs.

The 55-store bicycle retailer, which Frasers bought out of administration in 2018 when it had 62 outlets, has told staff it intends to cut up to half of the workforce in many stores despite booming trade for bike retailers during the pandemic.

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