Marks and Spencer to cut jobs in UK
08-01-2009
Britain's largest clothing retailer, Marks and Spencer, will cut 1,230 jobs by closing 27 stores at home. The company said it had to cut costs on the back of its steepest sales decline in about nine years. The cost-cutting measure will save the firm as much as 200 million pounds. The company said "challenging economic conditions" were expected to continue for the next 12 months.
