Marks And Spencer To Cut Around 525 Head Office Jobs

Marks and Spencer is to axe around 525 head office jobs and switch some 400 roles out of London to save costs, the British retail group announced Monday. Marks, whose recently-appointed chief executive Steve Rowe is seeking to turn around the company's struggling clothing division and grow its popular food offering, said the announcement was aimed at creating a "simpler and more effective organisation". He added in a statement that...