UK High Street stalwart Marks and Spencer is to cut hundreds of jobs as coronavirus continues to hit trading.
The retailer said 950 store management and head office jobs were at risk because it needed to accelerate its restructuring.
A spokesperson said the move marks “an important step” in it becoming a “stronger, leaner” business.
M&S was already undergoing a transformation that included cutting costs and closing some stores.
The firm said that due to the pandemic, those measures would be accelerated under a programme called “Never The Same Again”. M&S said it now wanted to “make three years’ progress in one”.
M&S said it had started collective consultation with employee representatives and has set out plans to first offer voluntary redund…
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