M&S to cut 7,000 jobs after pandemic leads to slump in sales
BBC, 19 Aug 2020
Marks and Spencer is planning to cut 7,000 jobs by the end of the year, after a slump in sales due to the coronavirus pandemic.
The cuts come on top of 950 job losses the company had already announced and amount to about 10% of its workforce.
M&S is the latest business to announce major job losses as the UK enters the worst recession of any developed country.
Reeta Chakrabarti presents BBC News at Ten reporting by business correspondent Emma Simpson.
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The cuts come on top of 950 job losses the company had already announced and amount to about 10% of its workforce.
M&S is the latest business to announce major job losses as the UK enters the worst recession of any developed country.
Reeta Chakrabarti presents BBC News at Ten reporting by business correspondent Emma Simpson.
Please subscribe HERE http://bit.ly/1rbfUog
