Marks & Spencer job cuts: High street hell as retail giant to cut 7,000 jobs
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The restructuring will take place over the next three months and will involve reductions in roles at the company’s central support centre, in its regional management and UK stores.
As well as being hit by the economic impact of the virus, the retail giant insisted it had learnt from employees being able to work remotely as opposed to in store.
A statement read: “We expect a significant proportion will be through voluntary departures and early retirement.
“In line with our longstanding value of treating our people well, we will now begin an extensive programme of communication with colleagues.”
They also confirmed that in-shop sales of clothing and home goods were well below 2019 levels.
The company now expects to create further jobs for its online service.
In July, the retailer announced plans to bring forward cuts to 950 jobs in order to soften the blow of the pandemic.
More to follow…
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