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02/04/2004
NI workers to escape M&S jobs cuts
Marks & Spencer has announced it is to axe around 1,000 jobs as part of restructuring plans.
The company said the decision formed a "major part of Marks & Spencer's ongoing plan to accelerate business transformation".
It is anticipated that around 500 jobs may be lost from a total number of 5,000 in the forthcoming financial year (2004/5) while it is anticipated that a further 500 may be lost in the following financial year (2005/6) as a result of "technological enablement and outsourcing".
Workers in Northern Ireland are unlikely to be affected by the cuts which will see the company save around £25 million during the initial redundancy phase.
Roger Holmes, Chief Executive, Marks & Spencer, said: "This is an integral part of our plan to kick-start the next stage in the transformation of the business. It is also an important step in creating a more efficient organisation and serving our customers better. We recognise this will be a challenging time for our people and we will do our best to support them through this period."
Head Office locations at Baker Street; Stockley Park; Salford Quays, Manchester and financial services in Chester in head and back office functions will be included in the cutbacks.
(MB)
The company said the decision formed a "major part of Marks & Spencer's ongoing plan to accelerate business transformation".
It is anticipated that around 500 jobs may be lost from a total number of 5,000 in the forthcoming financial year (2004/5) while it is anticipated that a further 500 may be lost in the following financial year (2005/6) as a result of "technological enablement and outsourcing".
Workers in Northern Ireland are unlikely to be affected by the cuts which will see the company save around £25 million during the initial redundancy phase.
Roger Holmes, Chief Executive, Marks & Spencer, said: "This is an integral part of our plan to kick-start the next stage in the transformation of the business. It is also an important step in creating a more efficient organisation and serving our customers better. We recognise this will be a challenging time for our people and we will do our best to support them through this period."
Head Office locations at Baker Street; Stockley Park; Salford Quays, Manchester and financial services in Chester in head and back office functions will be included in the cutbacks.
(MB)
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Northern Ireland WeatherToday:A cloudy day with outbreaks of mainly light rain at times, although there may be the odd heavier burst. Driest in the south and east during the afternoon. Moderate southwesterly winds. Maximum temperature 11 °C.Tonight:Staying cloudy throughout the evening and overnight period with a little rain or drizzle at times. Mild overnight with light winds. Minimum temperature 7 °C.
