M&S announces 351 management roles to be slashed
M&S has announced it is to cut 351 management roles, but says they are unrelated to the programme to close 100 UK stores by 2022.
Last week at its AGM management warned that more job cuts and store closures were on the way, with chairman Archie Norman telling shareholders he felt the company was on a “burning platform”.
The cuts will be made to 115 store, commercial and operations managers, 182 section managers and 54 visual managers.
An M&S spokeswomen told Retail Sector: “M&S is transforming and this is a tough but necessary decision to take to ensure our stores support the future of the business and provide the best service for our customers.”
The FTSE 100 firm is expected to announce a third straight year of profit decline when it announces its 2018/19 figures next May.
Shopworkers’ trade union Usdaw recently spoke out against the way staff cuts and store closures were announced at the company’s AGM.
