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 47.1 - Retail sale in non-specialised stores
380 jobs Number of planned job losses
1,400 jobs Number of planned job creations
Announcement Date
20 April 2017
Employment effect (start)
Foreseen end date
31 October 2017
Description
High street retailer Marks & Spencer has announced plans to close six of its existing stores with the loss of 380 jobs. Four of its 'full line' shops in Portsmouth, Slough, Warrington and Wokingham will shut along with two food outlets in York and Worksop. The company has pledged to relocate existing staff at these sites to other nearby stores. In addition to the store closures Marks & Spencer will also open 36 new stores over a six month period, resulting in 1,400 jobs. Thirty-four stores will be food only and two will be full line.
Sources
20 April 2017: BBC Website
20 April 2017: The Guardian
Citation
Eurofound (2017), Marks & Spencer, Business expansion in United Kingdom, factsheet number 90864, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90864.
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