UK’s Marks and Spencer to put off 7,000 Jobs in Three Months

Job losses will be mostly consumer assistants.

British multinational retailing company, Marks & Spencer has indicated plans to put off over 7,000 jobs in the next three months; this is coming after the company lauded its struggle with the aftermath of the lockdown due to the COVID-19 pandemic. According to the company the job losses will be focused mostly on the consumer assistants who are over 60,000 in number, out of a total of 80,000 strong workforce in the company.

The regional management position is also to be done without. The company in its high hopes says that significant proportion of the cost will be voluntary redundancy and maybe early retirement.