Marks & Spencer to cut 7,000 jobs after Covid-19 hits sales – business live

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Rolling protection of the current monetary and financial news, as high street chain M&S reveals enhancing program, and substantial task cuts

Breaking: 7,000 tasks to address M&S Jobs at threat in UK shops, main assistance and local management Clothing sales down 30% because shops resumed Microsoft ‘‘ assists cut management layers’’

8.30 am BST

Retail expert Nick Bubb states:

M&S Food sales are doing rather well, however M&S Clothing &&Home sales are really weak therefore it is not a surprise to see business set out huge cost-cutting strategies, dressed up as ““ enhancing ” …

8.27 am BST

M&S ’ s task cuts are amongst the most serious revealed by a UK business considering that the pandemic drove the economy into its worst economic downturn in years.

But lots of other sellers have actually likewise made sweeping redundancies and shop closures.

Continue reading … .

Read more: theguardian.com

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