Less Ads, More Data, More Tools Register for FREE

Britain's M&S to cut 7,000 jobs

Tue, 18th Aug 2020 07:17

LONDON, Aug 18 (Reuters) - British retailer Marks & Spencer
said on Tuesday it plans to cut 7,000 jobs over the next
three months as it streamlines the business for a post COVID-19
sales mix.

It said the jobs will go in its central support centre, in
regional management, and in its UK stores.

M&S said it expected a significant proportion would be
through voluntary departures and early retirement.
(Reporting by James Davey; editing by Sarah Young)

Related Shares

More News
1 Jun 2024 13:58

DIRECTOR DEALINGS: Coca-Cola HBC, M&S and Elementis execs sell shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately...

31 May 2024 08:00

UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales up 3.3% in 4 weeks to May 18 -NIQ *

29 May 2024 17:54

IN BRIEF: M&S taps Rightmove's Dolan as next finance chief

Marks & Spencer Group PLC- London-based retailer - Says Alison Dolan will be its new chief financial officer. Interim CFO Jeremy Townsend will remain ...

29 May 2024 17:50

Marks & Spencer appoints Alison Dolan as CFO

(Sharecast News) - Marks and Spencer said on Wednesday that it has appointed Alison Dolan as its new chief financial officer.

28 May 2024 12:22

LONDON MARKET MIDDAY: FTSE 100 falters ahead of incoming US data

(Alliance News) - Stock prices in London were predominantly higher at midday on Tuesday, though the FTSE 100 remained in the red, ahead of data from t...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.