Redundancy plans will begin in the coming days as M&S becomes the latest retail giant to scale back its workforce.
In the initial phase, the first cuts will begin after COVID-19 pandemic causes a temporary closure oof its shops in March.
The brand will now joing Boots, John Lewis and Debenhams in succoming to the retail purge which has occurred due to the coronavirus pandemic.
According to Sky News, the initial batch of cuts could soon rise into the thousands.
Of the 78,000 employees, 27,000 were placed onto the furlough scheme.
However, with employers now required to begin pay national insurance and pensions to staff, M&S becomes the latest to use the scheme before then announcing cutbacks.
Employers will be asked to pay the full amount of the scheme by the end of October.
More to follow…