M & S have now announced 7,000 job losses over the next three months which is further evidence of the challenging conditions on the high street.
M & S hopes that the losses will come from voluntary redundancies and early retirement.
M & S are blaming the pandemic and the changes to the way we all shopped during the lockdown.
Other stores who have also cut their workforce include Smiths, John Lewis, Boots and now Pizza Express in addition to the numerous retailers / restaurant groups which have entered into formal insolvency processes.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on Driffield (01377) 257788, Scunthorpe (01724) 230060 or York (01904)520116 and she will make you an appointment with one of our insolvency practitioners. Redman Nichols Butler is an independent insolvency practice and as such our fees are very competitive. Instructions can be taken nationwide.