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Marks And Spencer To Cut 7,000 Jobs

Marks and Spencer say it plans to cut 7,000 jobs over the next three months. The retailer says the r...
Newsroom
Newsroom

7:47 AM - 18 Aug 2020



Marks And Spencer To Cut 7,000...

News

Marks And Spencer To Cut 7,000 Jobs

Newsroom
Newsroom

7:47 AM - 18 Aug 2020



Marks and Spencer say it plans to cut 7,000 jobs over the next three months.

The retailer says the roles will go across its stores, regional management, and support centre.

The Irish operations of the stores won't be affected.

M&S says it's learned to work more flexibly, partly with the help of technology.

The company also says it'll create a number of new jobs in its online operations.

"Food sales are up modestly in the eight weeks since stores fully reopened after lockdown in the UK," says Business journalist Vincent Wall.

"But clothing and home sales are almost 40% lower than the same time last year - but slowly improving. But, 7,000 jobs is a lot to go."



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