Marks & Spencer to axe 1,000

Min:24 °C Max:32 °C

» Weather Details

January 6, 2009 Tuesday

Updated

Straits Times Headlines

Gaza battles intensify, truce calls unheeded

Regional markets surge on Obama's stimulus plans

Blaze drama at Bangkok shopping mall

Inside

Uphill task for democracy group

View Points

China cracks down on online porn and vulgarity

Ming Yi goes on trial in April for fraud

Obama seeks US$300b tax cuts

Families of blaze victims claim bodies

Shopping plaza fire leaves one man dead, 38 hurt

MM Lee sees poly's diverse talent

Gaza humanitarian crisis worries world **

Home > Breaking News > Money > Story

Jan 6, 2009

Marks & Spencer to axe 1,000

British retailer Marks & Spencer is set to cut more than 1,000 jobs in stores, its head office and support functions following disastrous Christmas trading. -- PHOTO: REUTERS

LONDON - BRITISH retailer Marks & Spencer is set to cut more than 1,000 jobs in stores, its head office and support functions following disastrous Christmas trading, The Times website reported on Monday.

The newspaper said the iconic high street chain would announce the cuts on Wednesday, when it is due to release a trading update to the City.

A spokesman for M&S declined to comment.

The news comes as retailers across the board are expected by analysts to announce terrible sales figures over Christmas, while some, such as Ireland's Waterford Wedgwood on Monday, have called in receivers. -- THOMSON REUTERS

email print larger smaller discuss

Woolworths stores shut 11:20 PM

Pending home sales at great low 11:26 PM

Oil prices near US$50 11:14 PM

Wall Street bounces higher 11:01 PM

Thai lowers growth estimate 10:13 PM

Interbank rates ease 10:21 PM

US auto sales drop in 2008 10:04 PM

Global stocks hold gains 9:47 PM

Japan video game mkt shrank 7:34 PM

Eurozone inflation at 2-yr low 6:30 PM

Fast approval for economic plan? 5:35 PM

Dubai racecourse deal scrapped 4:29 PM

China SWF to slow investment 3:35 PM

Exporters face payment risks 3:32 PM

Porsche takes over Volkswagen 8:47 PM

IPOs in China to jump 47% 2:50 PM

Sanyo to axe 1,000 jobs 2:27 PM

Indonesia's GDP to grow 5.5% 1:53 PM

Bonds next bubble to pop? 12:24 PM

Logitech to cut staff by 15% 12:23 PM

China FX reserves fall 11:24 AM

Toyota plans 11-day halt 2:23 PM

Chile unveils US$4b plan 10:44 AM

12,000 jobs for Vegas project 10:35 AM

STI closes 0.58% lower 5:25 PM

Merrill brokerage chief to quit 8:55 AM

Marks & Spencer to axe 1,000 8:30 AM

Asia stocks up for 7th day 6:57 PM

NYT opens front page to ads 8:01 AM

Obama seeks US$300b tax cuts 6:00 AM

Banks get US$15b bailout 7:38 AM

Toyota plans 11-day halt 7:36 AM

Jail Madoff without bail 10:37 AM

Lehman rejects trustee motion 6:08 AM

Oil stays above US$48 1:29 PM

Return your car for free 12:22 PM

Berlin's US$70b econ boost 6:09 AM

GM to get $7.9b in Jan 6:08 AM

Regional markets surge 6:00 AM

US auto sales crash 7:45 AM

US economy 'very sick' 10:27 AM

Wall St lower at close 6:00 AM

RSS

stories

commented

1	Cats in HDB flats: Don't punish responsible pet owners
2	Drivers refuse to give way
3	Means testing of hospital patients starts today
4	Real violence: Its effect on children a worry
5	Gaza: Why Muslims are outraged
6	Nuclear power the best alternative for Singapore
7	No direct link to fuel prices
8	Stub it out, please
9	MOE to hire 7,500 next year
10	No lifts make life hell for aged mother

emailed

Just too much rain

$653k for 4-room HDB flat

Prices for theme park

S'pore is 3rd least corrupt

Ex-RM jailed 74 months

English at work is 'weird'

Obama attends dinner

Floods hit Bukit Timah

ST News now on iPhone

Lecturer collapses, dies

S	M	T	W	T	F	S
08	09	10	11	12	13	14
15	16	17	18	19	20	21