• UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
NewsExplored
  • UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
  • Facebook

  • Twitter

  • LinkedIn

  • Tumblr

  • RSS

UK

M&S to cut 7,000 jobs over next three months

M&S to cut 7,000 jobs over next three months
Newsexplored
18th August 2020
5
SHARES
ShareTweet
SubscribeRedditGoogleWhatsappStumbleuponPinterestDiggLinkedinTumblrTelegram
Views:
2
People walking past Marks and Spencer storeImage copyright PA

Marks & Spencer is cutting 7,000 jobs over the next three months across its stores and management.

It said the coronavirus pandemic had made it clear there had a been a “material shift in trade”.

In-store sales of clothing and home goods were “well below” 2019, although online and home deliveries were strong.

M&S said it hoped a “significant proportion” of the cuts – about a tenth of its workforce – will be voluntary redundancy and early retirement.

In a statement, M&S said it was “too early to predict with precision where a new post-Covid sales mix will settle. We must now act to reflect this change”.

But the retailer said operating during the pandemic had showed it could work “more flexibly and productively”, with more staff multi-tasking and moving between food, clothing and home departments.

M&S said total sales in its hard-hit clothing and home arm plunged 29.9% in the eight weeks since shops reopened, with store sales tumbling 47.9% and online surging 39.2%.

At the height of lockdown, M&S boss Steve Rowe said customers might “never shop the same way again” after the coronavirus crisis.

And last month the retailer announced 950 store management and head office jobs were at risk because it needed to accelerate its restructuring.

  • Shopping may never be the same again, says M&S
  • M&S extends 30-minute home delivery service

Alongside Tuesday’s announcement of more job cuts Mr Rowe said: “In May we outlined our plans to learn from the crisis, accelerate our transformation and deliver a stronger, more agile business in a world in which some customer habits were changed forever.

“Three months on and our ‘Never the Same Again’ programme is progressing; albeit the outlook is uncertain and we remain cautious.

data-ad-format="auto">

He said the proposals to “further streamline store operations and management” were an “important step in becoming a leaner, faster business set up to serve changing customer needs”.

‘Calm before the storm’

Retail Economics chief executive Richard Lim said the cuts represented a “massive reduction” in the M&S workforce. The retailer was “desperately attempting to reposition the business towards a new-normal emerging in the sector”.

“Retailers were already battling with the pace of structural change facing the sector but the impact of the pandemic has been a step-change for the industry.”

He said retailers remained in “survival mode, preserving cash and hanging on for more sustainable levels of demand to return”.


“But the way we shop has changed on a permanent basis for many parts of the sector almost overnight.

“The reality is that many more retailers will fail and the number of job losses will ramp up as government support is withdrawn. This is the calm before the storm.”


Do you work for Marks and Spencer? Is your job at risk? Share your experiences by emailing haveyoursay@bbc.co.uk.

Please include a contact number if you are willing to speak to a BBC journalist. You can also get in touch in the following ways:

If you are reading this page and can’t see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at HaveYourSay@bbc.co.uk. Please include your name, age and location with any submission.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Share on Skype (Opens in new window)

Related

Related Itemsmonthsthree
UK
18th August 2020
Newsexplored @newsexploredweb

Related Itemsmonthsthree

More in UK

  • Read More
    The Papers: ‘Fortress Britain’ and ‘modern miracle workers’

    Views:2 By BBC NewsStaff image captionA decision to close all travel corridors to the UK from Monday...

    Newsexplored 18th August 2020
  • Read More
    Belfast Multi-Cultural Association fire ‘was deliberate hate crime’

    Views:2 media captionThe Belfast Multi-Cultural Association was working to serve the community, says Muhammed Atif Police have...

    Newsexplored 18th August 2020
  • Read More
    How did debut artist Olivia Rodgrigo break chart records?

    Views:2 By Mark SavageBBC music reporter image copyrightOlivia Rodrigo / Instagram image captionThe newcomer’s single overtook Ed...

    Newsexplored 18th August 2020
  • Read More
    Wales bringing in new safety rules for shops

    Views:2 media captionCovid lockdown: Are supermarkets following the rules? New laws for shoppers and staff are to...

    Newsexplored 18th August 2020
  • Read More
    Wayne Rooney: Derby County confirm ex-England captain as manager

    Views:2 Wayne Rooney officially joined Derby in a player-coach role in January 2020 Championship side Derby County...

    Newsexplored 18th August 2020
  • Read More
    In pictures: Winter scenes from around the UK

    Views:2 As temperatures drop in parts of the UK, we look at some of the most striking...

    Newsexplored 18th August 2020
  • Read More
    Newspaper headlines: Infection rate ‘hope’ – but care home cases rise

    Views:2 By BBC NewsStaff image captionThe Daily Mail carries a note of optimism on its front page,...

    Newsexplored 18th August 2020
  • Read More
    Covid in Scotland: Parents’ verdicts on week one of home-schooling

    Views:2 By Debbie JacksonBBC Scotland Published 7 minutes ago Related Topics image copyrightDonna Bruce image captionQuinn and...

    Newsexplored 18th August 2020
  • Read More
    Covid-19: Surge leaves key hospital services ‘in crisis’

    Views:2 By Nick TriggleHealth correspondent image copyrightGetty Images The surge in Covid hospital cases has left key...

    Newsexplored 18th August 2020
  • Read More
    Australian Open: Andy Murray tests positive for coronavirus

    Views:2 Andy Murray last played at the Australian Open in 2019 – which he thought might have...

    Newsexplored 18th August 2020
  • Read More
    Newspaper headlines: ‘Over 21m jabs now in UK’, and Trump impeached

    Views:2 By BBC NewsStaff image captionThe UK vaccine rollout makes the front of several papers. The Telegraph...

    Newsexplored 18th August 2020
  • Read More
    Origami Yodas and animals have ‘got me through lockdown’

    Views:2 Published 2 hours ago image copyrightAlexander Ray (Eric Joisel) image captionThis origami pangolin took Alex Ray...

    Newsexplored 18th August 2020
Scroll for more
Tap
data-ad-format="auto">
NewsExplored

NewsExplored - Making sure all the latest news is explored?

Contact us for help

  • Popular

  • Latest

  • Comments

  • Trump pardons two convicted by Russia investigation
    USA23rd December 2020
  • New coronavirus variant: What do we know?
    UK20th December 2020
  • Kieran Trippier suspended for 10 weeks over breaches of betting rules
    Sports23rd December 2020
  • The Papers: UK and EU on ‘verge’ of Brexit trade deal
    UK23rd December 2020
  • Joe Biden unveils $1.9tn US economic relief package
    USA15th January 2021
  • How much can Joe Biden get done on the US economy?
    USA14th January 2021
  • Could Liz Cheney spark a revolt?
    USA13th January 2021
  • Trump National stripped of 2022 US PGA Championship
    USA11th January 2021
  • Les Rehrer says:

    Hello Its me :P and thanks for this post

  • optumrx login says:

    Thank For News.

  • Kent Laatsch says:

    Please let me know if you're looking for a writer…

  • Bob says:

    RT News was where I learned that Erdogan controlled isis.…

Copyright © 2018 Top News Theme. Theme by MVP Themes, powered by Wordpress.

A-levels: Universities facing places scramble after exams U-turn
Body found in Darlington river search for missing boy
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok