Rolling protection of the current monetary and financial news, as high street chain M&S reveals enhancing program, and substantial task cuts

Breaking: 7,000 tasks to address M&S Jobs at threat in UK shops, main assistance and local management Clothing sales down 30% because shops resumed Microsoft ‘‘ assists cut management layers’’

8.30 am BST

Retail expert Nick Bubb states:

M&S Food sales are doing rather well, however M&S Clothing &&Home sales are really weak therefore it is not a surprise to see business set out huge cost-cutting strategies, dressed up as ““ enhancing ” …

8.27 am BST

M&S ’ s task cuts are amongst the most serious revealed by a UK business considering that the pandemic drove the economy into its worst economic downturn in years.

But lots of other sellers have actually likewise made sweeping redundancies and shop closures.

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