The restructuring will take place over the next three months and will involve reductions in roles at the company’s central support centre, in its regional management and UK stores. As well as being hit by the economic impact of the virus, the retail giant insisted it had learnt from employees being able to work remotely as opposed to in-store. A statement read: “We expect a significant proportion will be through voluntary departures and early retirement.
“In line with our longstanding value of treating our people well, we will now begin an extensive programme of communication with colleagues.”
They also confirmed that in-shop sales of clothing and home goods were well below 2019 levels.
The company now expects to create further jobs for its online service.
In July, the retailer announced plans to bring forward cuts to 950 jobs in order to soften the blow of the pandemic.
Coronavirus: Marks & Spencer announces job cuts
UK news: The job cuts will take place over three months
Today’s announcement comes as the latest British high-street company to slash jobs due to the pandemic.
On Sunday, Debenhams brought in Hilco Capital to draw up possible liquidation plans.
The 242-year-old department store chain described the move as contingency planning ahead of the pre-Christmas trading period.
Last week, the retail store had also announced it will shed 2,500 jobs.
UK news: M & S is the latest high-street retailer to announce cuts
The company employs an estimated 14,000 people and has 120 shops across the UK.
It had already announced more than 4,000 jobs so far during the pandemic.
British Airways has also proposed possible cuts of 12,000 jobs earlier in the pandemic.
The number is the largest possible job cuts although it remains under review.
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UK news: Debenhams also announced cuts
UK news: Several retail giants have announced cuts
A statement from Debenhams read: “Debenhams is trading strongly, with 124 stores reopened and a healthy cash position.
“As a result, and as previously stated, the administrators of Debenhams Retail Ltd have initiated a process to assess ways for the business to exit its protective administration.
“The administrators have appointed advisors to help them assess the full range of possible outcomes which include the current owners retaining the business, potential new joint venture arrangements with existing and potential new investors or a sale to a third party.”
John Lewis also announced 1,300 jobs were at risk amid its own restructuring.
According to the Office for National Statistics, the number of people in work fell by 220,000.
The drop in those employed between April and June represents the biggest fall since 2009 after the financial crash.
UK news: Rishi Sunak
Due to the financial impact on jobs and high-street shops, Chancellor Rishi Sunak has been urged to continue the various schemes to support the economy.
The major support measures are scheduled to end in October.