British High Street staunch Marks and Spencer will cut hundreds of jobs as coronavirus continues to hit commerce.
The retailer said 950 store and head office management jobs were at risk as it needed to speed up its restructuring.
A spokesperson said the move marked “an important step” in becoming a “stronger, leaner” business.
M&S was already undergoing a transformation that included cutting costs and closing certain stores.
The firm said that due to the pandemic, these measures would be accelerated as part of a program called “Never The Same Again”. M&S said it now wants to “make three years of progress in one”.
M&S said it has started collective consultations with employee representatives and has plans in place to offer voluntary dismissal first to affected staff.
Sacha Berendji, director of retail, operations and real estate at M&S, said: “Through the crisis, we have seen how we can work faster and more flexibly by empowering store teams and it is essential to integrate this way of working.
“Our priority now is to support all those involved through the consultation process and beyond. ”
M&S food stores have been open throughout the coronavirus shutdown, but commerce in other parts of the business has been badly affected. Apparel sales fell 84% year-on-year to the lowest, the firm said in May, warning that some of its customers’ habits had “changed forever”.
This comes after a spate of layoffs in High Street, with John Lewis, Boots and Debenhams among retailers announcing huge layoffs.
Other layoffs announced during the pandemic include:
- Up to 5,000 job cuts at Upper Crust owner, SSP Group
Up to 12,000 jobs at British Airways
- Up to 700 jobs at Harrods
About 600 workers at shirtmaker TM Lewin
- 1,900 jobs at Café Rouge-owner Casual Dining Group
1,000 jobs at Pret A Manger
1,700 jobs in the United Kingdom at the aircraft manufacturer Airbus
1300 crews and 727 pilots at EasyJet
550 jobs are in progress with the editor Daily Mirror Reach
On Monday, Ted Baker confirmed he could cut by around a quarter of his UK workforce after the coronavirus pandemic exacerbated his financial woes.
The fashion retailer has not confirmed the number of layoffs, but there are said to be 500 jobs in stores and at head office.
“We did not take this decision lightly and we thank all of our colleagues for their hard work,” said a spokesperson. The move is expected to save around £ 6million by the end of the year.
Part-time and full-time roles will be assigned. About 200 jobs will be created at the Ugly Brown Building, its London headquarters, the rest from its 46 stores across the UK and Europe, as well as numerous store concessions.
Ted Baker was struggling before the coronavirus pandemic hit the UK. The firm reported a pre-tax loss of £ 79.9 million as of January 25, compared to a profit of £ 30.7 million the year before.
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