Marks & Spencer is to cut 950 jobs in a retail management shake-up marking the first phase of a major transformation program. It comes a day after Sky News first reported that M&S was to begin setting out redundancy plans this week - joining the likes of John Lewis and Boots in taking the axe to its workforce in the wake of the coronavirus crisis. Elsewhere on Monday, high street retailer Ted Baker confirmed plans to cut 500 roles - a quarter of its UK staff - while Sky News revealed a planned strategic review of rival Jigsaw which could see it sold and some of its 75 stores shut.-Photo: Sky News

Source: The Standard July 20, 2020 12:24 UTC