Economy

Coronavirus: M&S to cut 950 jobs in shake-up of store management

Marks & Spencer has announced plans to cut 950 jobs as part of a shake-up of its retail management structure.

It comes a day after Sky News first revealed that M&S was to begin setting out redundancy plans this week – joining the likes of John Lewis and Boots in taking the axe to its workforce in the wake of the coronavirus crisis.

The restructuring announced on Monday forms the initial phase of Marks & Spencer’s “never the same again” programme – launched earlier this year – which sources have said will eventually see thousands of jobs lost.

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