Last week it emerged that Debenhams would slash up to 90 jobs as the ailing retailer attempts to cut costs in its fashion and home departments. The company launched redundancy talks with around 200 workers in the latest phase of its cost-cutting drive. Debenhams is attempting to shore up the retailer's finances by securing £10m of cost savings during this financial year and £20m extra annually going forward. The current finance chief, Matt Smith, is leaving on August 31 to join Selfridges as finance director.