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M&S confirms plans to cut 525 head office jobs

Reuters - UK Focus

LONDON, Sept 5 (Reuters) - British retailer Marks & Spencer (Frankfurt: 534418 - news) said on Monday it plans to cut a net 525 roles from its London head office as new Chief Executive Steve Rowe moves to simplify the business.

The clothing and food group also plans to reduce the number of roles permanently based in central London by about 400, across IT and logistics.

The firm said it will enter into a formal consultation with affected employees.

Confirmation of the job cut plans follows a Sky (Frankfurt: 893517 - news) news report on Saturday which said M&S planned to axe around 15 percent of the roles at its headquarters.

(Reporting by James Davey; editing by Sarah Young)