Marks and Spencer to cut 500 jobs

Marks & Spencer is to cut around 500 jobs at its head office, according to reports.
File photo dated 04/11/14 of a Marks and Spencer store, as the store is to cut around 500 jobs at its head office, according to reports. PRESS ASSOCIATION Photo. Issue date: Saturday September 3, 2016. It comes less than two months after the retail giant's chief executive branded the performance of its clothing and home arm "unacceptable" after a like-for-like sales plummeted 8.9%. See PA story INDUSTRY Marks. Photo credit should read: Chris Radburn/PA WireFile photo dated 04/11/14 of a Marks and Spencer store, as the store is to cut around 500 jobs at its head office, according to reports. PRESS ASSOCIATION Photo. Issue date: Saturday September 3, 2016. It comes less than two months after the retail giant's chief executive branded the performance of its clothing and home arm "unacceptable" after a like-for-like sales plummeted 8.9%. See PA story INDUSTRY Marks. Photo credit should read: Chris Radburn/PA Wire
File photo dated 04/11/14 of a Marks and Spencer store, as the store is to cut around 500 jobs at its head office, according to reports. PRESS ASSOCIATION Photo. Issue date: Saturday September 3, 2016. It comes less than two months after the retail giant's chief executive branded the performance of its clothing and home arm "unacceptable" after a like-for-like sales plummeted 8.9%. See PA story INDUSTRY Marks. Photo credit should read: Chris Radburn/PA Wire

The store is expected to make the job losses at its London office next week, Sky News said.

It comes less than two months after the retail giant’s chief executive branded the performance of its clothing and home arm “unacceptable” after a like-for-like sales plummeted 8.9%.

Hide Ad
Hide Ad

Steve Rowe said that he would be changing the company’s pay and pension scheme - cutting premium pay for Sundays.

But the move sparked outrage and 70,000 people signed a petition calling on the chain to scrap proposed pay cuts to offset the cost of the National Living Wage.

Marks & Spencer announced on Friday that staff would receive a 14.7% pay rise under an improved offer following the campaign against the company.

The retailer said customer assistants will receive £8.50 an hour - £9.65 in London - from next April, well above the Living Wage of £7.20 and the voluntary rate of £8.25, and £9.40 in the capital.

But premium payments for Sunday working will stop, and there will be one standard payment for Bank Holidays.

The retailer could not be reached for comment.

Related topics: