Marks and Spencer to cut hundreds of jobs, claims report

Marks and Spencer is to announce hundreds of job losses, it is reported.

M&S is the latest big-name High-Street retailer to look at cuts.

John Lewis and Boots have already announced thousands of jobs will be lost.

The M&S cuts would be part of a restructuring the company is expected to announce this week, reports SKY News.

It’s not known how many people are at risk of redundancy.

An M&S spokeswoman said.

“We don’t comment on speculation and, if and when we have an announcement to make, our colleagues will be the first to know.”

M&S was already reviewing its future as the coronavirus pandemic broke.

It has furloughed more than 7,000 employees and announced plans to close between 100 to 120 stores nationwide.

Covid-19 has hit retail particularly hard with experts saying many of Britain’s shoppers may not return to the High Street.

 


About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV's Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.



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