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M&S to cut 7,000 jobs over next three months

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Marks & Spencer has said it will cut 7,000 jobs over the next three months across its business.

The retailer said it expected a “significant proportion” of the jobs to go through voluntary redundancy and early retirement.

It said the coronavirus pandemic had made it clear there had a been a “material shift in trade”.

In-store sales of clothing and home goods were “well below” 2019, while online and home deliveries were strong.

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