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British Department Store Chain Marks & Spencer is Cutting Almost A Thousand Jobs

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950 jobs will disappear from the British department store chain Marks & Spencer.

 

These are supporting jobs and positions in the management of the stores. In total, Marks & Spencer has approximately 78,000 employees.

Marks & Spencers’ move may be critical. The company previously received support from the British government when it had to send 27,000 people home temporarily.

In addition, it borrowed £ 300 million, from the government.

Job losses at Marks & Spencer are not the only ones in the UK retail sector. Earlier, department store chain Debenhams, drugstore chain Walgreens Boots Alliance and the owner of the supermarket chain Waitrose have already cut jobs.

Marks & Spencer has been struggling for at least ten years and is making frantic efforts to regain health.

CEO Steve Rowe said earlier that the corona crisis could accelerate improvement plans in a company “with a history of slow culture changes.”

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