950 jobs at risk at Marks & Spencer in UK

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Marks &amp&semi; Spencer has said 950 jobs are at risk as part of plans to reduce store management and head office roles in the UK&period;<&sol;p>&NewLine;<p>The high street retailer said the proposals will help move the company to &OpenCurlyDoubleQuote;a leaner&comma; faster retail management structure” as it accelerates its transformation plan after being disrupted by the coronavirus lockdown&period;<&sol;p>&NewLine;<p>M&amp&semi;S said it has now started collective consultation with employee representatives and has set out plans to first offer voluntary redundancy to affected staff&period;<br &sol;>&NewLine;It said the cuts are set to impact roles in the company’s head office&comma; property and store management areas&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;159120" aria-describedby&equals;"caption-attachment-159120" style&equals;"width&colon; 600px" class&equals;"wp-caption aligncenter"><img class&equals;"size-full wp-image-159120" src&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2020&sol;07&sol;0BA41ADD-63D6-4C8D-8A8D-4E34E1200805&period;jpeg" alt&equals;"" width&equals;"600" height&equals;"400" &sol;><figcaption id&equals;"caption-attachment-159120" class&equals;"wp-caption-text">The retailer’s food stores traded through the lockdown but clothing operations were significantly impacted<&sol;figcaption><&sol;figure>&NewLine;<p>It comes after a bloodbath on the UK high street in the face of coronavirus&comma; with the likes of John Lewis&comma; Boots and Debenhams announcing thousands of job cuts&period;<&sol;p>&NewLine;<p>In May&comma; chief executive Steve Rowe said the company would be accelerating parts of its transformation plan with a programme dubbed Never The Same Again&period;<&sol;p>&NewLine;<p>M&amp&semi;S told investors that &OpenCurlyDoubleQuote;central support costs and headcount will be examined at all levels” as part of the plan&period; The retailer’s food stores continued to trade throughout the lockdown period&comma; but trading in other part of its business&comma; such as clothing&comma; was significantly reduced&period;<&sol;p>&NewLine;<p>Sacha Berendji&comma; director of retail&comma; operations and property at M&amp&semi;S&comma; said&colon; &OpenCurlyDoubleQuote;Our proposals reflect an important next step in our Never The Same Again programme to accelerate our transformation and become a stronger&comma; leaner and more resilient business&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Through the crisis we have seen how we can work faster and more flexibly by empowering store teams and it’s essential that we embed that way of working&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Our priority now is to support all those affected through the consultation process and beyond&period;” Shares in the company slumped by 2&percnt; to 96&period;8p after it announced the proposals&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed542675c74">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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&lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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