The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
1,230 jobs Number of planned job losses
Announcement Date
7 January 2009
Employment effect (start)
Foreseen end date
Description
Marks and Spencer, a retailer, is to cut 1,230 jobs across the UK. Twenty-five of its smaller ‘Simply Food’ stores will close, together with two regular stores in Croydon and Woking, with the loss of 780 jobs. 450 jobs will also be cut at the company’s head office in London. The company stated that it was reacting to the difficult retail climate in the UK. The company employs 75,871 people across the UK, although as of 11 January 2009 no announcement has been made as to when these jobs will be cut.
Sources
7 January 2009: Financial Times
7 January 2009: BBC News
Citation
Eurofound (2009), Marks and Spencer, Internal restructuring in United Kingdom, factsheet number 67775, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67775.
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