News M&S to cut 351 management positions

Discussion in 'Retail' started by Cody, Jul 17, 2018.

  1. Cody


    Feb 17, 2016

    In a new bid to save on costs following reports of falling revenue, the supermarket chain Marks & Spencer are seeking to axe 351 management positions across the country.

    Due to increased demand and competition of other online competitors, M&S are too feeling the struggles like many other retailers across the UK, and have reported in May that sales in food and clothes have fallen, and a bill of around £514.1m to restructure the business has piled the pressure on their potential earnings.

    Their management costs, which has seen many positions to be overlapping one another, and a 7.5% drop in sales over the last two years means they've had to start restructuring their stores, and with a closure of a distribution centre in Warrington has already seen many redundancies.

    115 operations managers, 182 section managers, and 54 visual merchandise managers will all be made redundant.
Back to top

Share This Page