Marks & Spencer is planning to cut 351 jobs in various management roles across the country, according to documents seen by newspapers today.
The retailer is in consultation with affected staff and the move has come about following a review of the company’s operations, which unearthed inconsistent management structures and overlapping management roles.
In its consultation documentation, the retailer notes that while sales have been decreasing, its management costs have been increasing and it needed to address the imbalance.
A spokesperson for the retailer said: “M&S is transforming and this is a tough but necessary decision to take to ensure our stores support the future of the business and provide the best service for our customers.”
The news breaks just a week after chairman Archie Norman told those assembled a the M&S AGM that the current restructuring programme underway, which will result in the closure of 100 stores before 2022, might not be enough to ensure the retailer’s future.
At the meeting Norman said the high street was “a burning platform” and would not rule out further closures. “We don’t have a God-given right to exist and unless we change and develop this company the way we want to, in decades to come there will be no M&S.”
This latest round of redundancies is proposed to include 115 store, commercial and operations managers, 182 section managers and 54 visual managers.