Reported job losses looming at M & S

“MARKS and Spencer is to axe more than 1,000 jobs, it has been reported today. The retailer is expected to announce the cuts tomorrow, which will include shop floor jobs.

Fellow retailers Debenhams and Next are also expected to give trading updates today.

It comes after shops such as Adams, Woolworths and Zavvi have all collapsed under the strain of the credit crunch. Marks & Spencer refused to comment on reports of the job cuts.”

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