Food
M&S to closes 10 stores.
Quoted from FT.com
Marks and Spencer plans to close a swath of its Simply Food stores, marking a shift in its aggressive expansion of the chain in recent years.
As the retailer looks to trim its cost base in some of the toughest trading conditions it has seen in a decade, M&S has been quietly gauging appetite among rival chains to see if they might want to take over some of its Simply Food sites, say industry insiders.
The retailer will also close a couple of its smaller clothing and food stores. As a result, about 1,000 jobs will be shed. M&S declined to comment.
The problem with Marks & Sparks management is that they failed to notice that their food was too expensive when the difficult times started to bite. Why should I pay more for something I can get else where for cheaper? Is that not common sense?
Job Losses: 1230
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- BBC – The BBC are at it again with spoof version of the firm’s television adverts. A womans voice was heard to be saying, “These are not just any job cuts, these are M&S job cuts.“Â Taken into context, it’s actually quite funny, but I guess for those 1230 people losing their jobs they wouldn’t see it that way. In light of all the bad publicity the BBC have been getting recently regarding pranks calls, jokes etc, you would think they would be a bit more sensitive to peoples feelings.
Cadbury’s is laying off 580 workers worldwide.
Quoted from the Mirror.co.uk
Chocolate giant Cadbury is axing 580 jobs – despite sweeter sales.
Around 250 posts, mainly managers, are being shed in the 60 countries where it operates. That’s on top of 330 job cuts in Australia and New Zealand in the next two years. Its prices may also rise as Cadbury tries to recoup costs, expected to jump by between six and eight per cent next year.
Job Losses: 580 / 250 in the UK
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