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Marks & Spencer plans to axe 950 jobs in restructure of retail management

Retailer Marks & Spencer is to axe 950 jobs in a major restructure of its retail management.

The company, which has a store in Stamford and one in Bourne, today (Monday, July 20) announced plans to 'create a new retail management structure that is fit for the future—removing role duplication, providing clearer leadership accountabilities and freeing up its retail teams to focus more on the customer'.

It said the 'Never The Same Again' proposals would affect 950 roles 'across central support functions in field and central operations and property and store management'.

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