M&S to lose 7,000 workers as Covid-19 hits Britain’s High Street
Marks and Spencer is to lose 7,000 jobs over the next three months.
The retailer is the latest to cut workers as the coronavirus pandemic rips through the High Street.
Many losses will be through voluntary redundancy and early retirement.
Workers are expected to come from M&S stores, support centres, and regional management.
In a statement M&S said the plans are part of a strategy to “streamline the business both at stores and management level”.
Chief executive Steve Rowe said:
“These proposals are an important step in becoming a leaner, faster business set up to serve changing customer needs.”
In May, M&S said it needed to save £500m to offset the effects from the pandemic.