Retailer Marks and Spencer announced the closure of eight offices, jeopardizing the dismissal of 468 employees. The management of the retail store assured that the company will do everything possible to maintain the working positions of employees of the closing branches. Employees are likely to be invited to other branches of the network for alternative positions.
The stores will be closed in Andover, Basildon, Bridlington, Denton, Falmouth, Fareham, Keighley and Stockport. The retailer's management also said that six more network outlets are planned to be closed in April in Birkenhead, Bournemouth, Durham, Forestfach, Putney and Redditch. Employees are also expected to be moved to other offices.
The reduction in the number of stores is the plan for the restructuring of Marks and Spencer. Last year, a well-known retailer refused to expand the supermarket chain Simply Food, announcing the planned opening of only 36 stores in the UK.