Posted by Richard Willet Posted on 19 August 2020

Marks & Spencer to cut 7,000 jobs after ‘material shift’ in trading thanks to suicidal ‘virus’ lockdown and its aftermath

The announcement adds to cuts announced by the likes of Boots, Debenhams and John Lewis.

Marks & Spencer plans to cut 7,000 jobs over the next three months as part of a shake-up in the wake of the coronavirus crisis.

Most of the cuts will impact its 60,000-strong shop floor workforce, around 12% of whom will lose their jobs under the plans, while head office roles and regional management are also affected.

M&S said it was acting to reflect a “material shift” in trading prompted by the pandemic, as it also revealed a steep drop in sales.

The cuts are in addition to the 950 job cuts announced last month as part of changes to management structures, and follow other big redundancy announcements by the likes of Debenhams, Boots and John Lewis.

It brings the number of cuts announced by major retailers to more than 30,000 – meaning the sector has now seen the highest total impact across the economy since the lockdown in a jobs tracker compiled by Sky News.https://1e918763dc9e24eaa6bb87f119ac6cb2.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.htmlAdvertisement

M&S said clothing and homeware trading at its stores remained “well below last year” but online and home delivery demand was “strong”.

Read More: Marks & Spencer to cut 7,000 jobs after ‘material shift’ in trading

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