M&S Cuts 950 Jobs With ‘Thousands More At Risk'

High street giant Marks & Spencer will axe 950 jobs in the latest blow to the retail industry.

- Steph Spyro

The company said most of the cuts would affect store management and head office roles following significantly reduced sales during lockdown.

M&S already had plans to make reductions and close stores but said it was now forced to “make three years’ progress in one”.

The revamp – dubbed the Never The Same Again programme – was an “important step” to making the company “a leaner, faster retail management structure”.

Sacha Berendji, director of retail, operations and property at M&S, said: “Through the crisis, we have seen how we can work faster and more flexibly by empowering store teams – and it’s essential that we embed that way of working.

“Our priority now is to support all those affected through the consultation process and beyond.”