Evans Cycles is to cut more than 300 jobs, with many of its remaining staff switching to zero-hours contracts.

Mike Ashley’s Frasers Group bought the retailer out of administration in 2018.

Staff at the chain have been told that up to half of the company’s workforce will be cut, according to a report by The Guardian.

In a document sent to Evans employees, staff were also told that they would need to work more hours. Workers at the company will now move from 40 hour to 45 hour contracts, with all other staff moving to zero-hours contracts.

A note to staff said: “We cannot rely on old ways of running our business and we must adapt. These changes will look to address the cost of sales ratio in our stores and ensure that we are able to be more flexible with our cost base out of peak trading and during difficult trading periods.”

The company said it will employ around 475 staff in stores, down from 813.

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