Latest retail cutback
M&S to axe 350 management jobs across UK
The high street chain is consulting with affected staff after a review showed inconsistent management structures and overlapping management roles.
Crucially, its sales have been falling while management costs have been increasing.
A spokesman said: “This is a tough but necessary decision to take to ensure our stores support the future of the business.”
The company’s plan has emerged just a week after chairman Archie Norman told M&S shareholders at the AGM that the 100 stores closing before 2022 might not be the last.
This latest round of redundancies is understood to include115 store, commercial and operations managers, 182 section managers and 54 visual managers.