LONDON, July 20 — British retailer Marks and Spencer Group Plc plans to announce hundreds of job cuts in the coming week, Sky News reported yesterday, citing sources. The cuts would be part of redundancy plans the company will be announcing in the coming days, the Sky report added, part of a...
Monday, 20 Jul 2020 07:40 AM MYT
LONDON, July 20 — British retailer Marks and Spencer Group Plc plans to announce hundreds of job cuts in the coming week, Sky NewsThe cuts would be part of redundancy plans the company will be announcing in the coming days, the Sky report added, part of a restructuring that could affect several thousand employees in coming months. The report did not specify the number of jobs at risk.
London-headquartered M&S will be the latest retailer to join firms like health and beauty chain Boots and department store John Lewis in warning that thousands of jobs would be at risk.
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