Marks & Spencer set to cut 950 jobs

UK High Street stalwart Marks and Spencer is to cut hundreds of jobs as coronavirus continues to hit trading.

The retailer said 950 store management and head office jobs were at risk because it needed to accelerate its restructuring.

A spokesperson said the move marked "an important step" in it becoming a "stronger, leaner" business.

M&S was already undergoing a transformation that included cutting costs and closing some stores.

The firm said that because of the pandemic, those measures would be accelerated under a programme called Never The Same Again. M&S said it now wanted to "make three years' progress in one".

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