About: http://data.cimple.eu/news-article/de15ed6ae1b4c07b479c123ab2c0d5f80454b870757436409e067310

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/de15ed6ae1b4c07b479c123ab2c0d5f80454b870757436409e067310 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	British clothing-to-food retailer Marks & Spencer could axe up to 950 management and administrative jobs to counter slumping profits and sales in the face of the coronavirus outbreak, it said Monday. The high-street stalwart, which had already been suffering from fierce online competition from the likes of US giant Amazon, has seen its troubles compounded by the COVID-19 lockdown that shuttered shops nationwide. The enforced closures, which sought to halt the spread of the killer disease, were imposed on March 23 and lasted almost three months for non-essential stores. M&S had in May revealed that annual net profit slumped by almost 50 percent, booked a sizeable charge for the coronavirus outbreak, and added it would slash costs. The company added on Monday that the latest proposed cutbacks were part of its transformation plan. "M&S is now proposing to implement these changes and create a new retail management structure that is fit for the future -- removing role duplication, providing clearer leadership accountabilities and freeing up its retail teams to focus more on the customer," it said in a statement. "The proposed changes would affect 950 roles across central support functions in field and central operations and property and store management." In Britain, the coronavirus outbreak, in tandem with a tough retail climate, has sparked the demise of several well-known high-street names and the loss of thousands of jobs. Earlier this month, pharmacy giant Boots and department store group John Lewis said they would together axe at least 5,300 jobs, despite government efforts to safeguard employment. Some 9.3 million UK workers have had up to 80 percent of their wages paid for by the UK government under its furlough scheme, which ends in October. rfj/phz/rl
schema:headline	Marks & Spencer says 950 jobs under threat
schema:mentions	Furlough Marks & Spencer Pharmacy 2020 Hubei lockdowns John Lewis Partnership Axe Department store Hertz Amazon rainforest United Kingdom Severe acute respiratory syndrome coronavirus 2 Central Operations Cutbacks
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	83 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software