ENTERTAINMENT

Marks & Spencer will announce hundreds of job cuts within a few days


Marks & Spencer is fired from hundreds of employees within a few days in the first wave of a cull that will hit thousands of workers.

The announcement, expected later this week, comes after John Lewis and Boots have fired thousands of employees after the pandemic.

Hundreds of job losses are expected as part of an ongoing restructuring plan that could ultimately result in the loss of thousands of jobs.

Hundreds of job losses are expected at M&S ​​as part of an ongoing restructuring plan that could ultimately result in the loss of thousands of jobs. A store in Manchester is pictured

The strategy, which M&S described as “never again the same” in its annual results in May, is expected to bring about a complete overhaul of the business in the coming months as it adapts to the long-term effects of the pandemic.

Sources close to the plans told Sky News that several thousand jobs are likely to be lost in the coming months as managing director Steve Rowe implements the company's restructuring program.

In the initial phase, M&S '78,000 employees will be cut back for the first time since most of the shops were temporarily closed at the beginning of the block.

Later job losses are likely to occur after a review by bosses of costs in various parts of the company, such as retail and property, clothing and household, and food and internationally. It has been reported that the total number of canceled amounts is expected to be several thousand.

Earlier this month, Boots cut 4,000 jobs and closed 48 stores, citing the "significant impact" of Covid-19. In the meantime, John Lewis has closed eight large stores and put 1,300 employees at risk.

Burger King also announced it would close one in ten stores and put 1,600 positions at risk.

Around 5,000 people worked for Cath Kidston, Laura Ashley, the Harveys furniture store, Monsoon, Accessorize and Harrods.

Around 27,000 M&S employees were given leave as part of the government's job retention program, which was designed to prevent mass layoffs.

Experts have warned that a number of John Lewis (photo) and Boots store closings are "just the beginning."

Experts have warned that a number of John Lewis (photo) and Boots store closings are "just the beginning."

In 2018, M&S announced plans to close up to 120 of its full-line clothing stores, more than half of which are now closed. It now has just under 300 clothing and household stores in the UK.

M&S has announced that it will not pay dividends to shareholders for this year, while Mr. Rowe has agreed to freeze wages and, like last year, will not receive an annual bonus.

An M&S spokesman said: "We do not comment on speculation, and if we have to make an announcement, our colleagues will be the first to hear about it."

Pizza Express was the latest high street chain to show that it was struggling as it plans to close around 75 of its 470 British restaurants, reports last week suggested.

The stores will be closed as part of a financial restructuring of the business, one of the UK's largest restaurant operators.

The exact number of stores that will be closed has yet to be confirmed and may depend on the progress of talks with landlords scheduled to start next week.

A source told Sky News that the number could be higher or lower than 75, but is unlikely to make up more than 20 percent of the restaurant's UK stores.

This means that 94 locations could be closed, which will affect hundreds of jobs. Pizza Express employs 8,000 people in the UK.

In total, more than 250,000 jobs could be cut in the high street as the British shop online during the corona virus crisis.

At the Alexandra Pub in Wimbledon in south-west London, 484 hopefuls applied for two jobs worth £ 9 an hour

At the Alexandra Pub in Wimbledon in south-west London, 484 hopefuls applied for two jobs worth £ 9 an hour

Retail expert Richard Hyman told The Sun: “If you think 9.5 million people are on vacation, 250,000 layoffs is a reasonable number.

& # 39; Online sales prior to the pandemic accounted for 30 percent of non-food sales. That will rise to 40 percent, which means hundreds of thousands of job losses.

& # 39; Lockdown was the catalyst, not the cause. Large companies like John Lewis have had to do business for years. & # 39;

Yesterday hundreds of people tried to work in two pub jobs, indicating the growing lack of vacancies.

At the Alexandra Pub in Wimbledon in south-west London, 484 hopefuls applied for two jobs worth £ 9 an hour.

General Manager Mick Dore posted an advert for the roles on Twitter and was impressed by the response.

He later wrote: “I don't want to worry anyone about the economy or anything, but I posted two bar jobs on Thursday at 4:30 am. We have had well over 400 applicants. Sip. & # 39;

The news is mirrored across the country, and bosses see a huge influx of entry-level job applicants that would normally be unpopular.

It comes after last week's figures from the National Statistics Office showed that the number of employees declined by 74,000 last month, with 649,000 having disappeared since the blockade was imposed in March.

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