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Showing posts with the label Retailing

News | Business | UK Retailer: Marks and Spencer to axe 7,000 jobs over next three months

Jonathan Eley and Sarah Provan  4minutes - Source: FT Marks and Spencer will cut another 7,000 jobs over the next three months as the UK retailer overhauls its business in the latest sign of how the coronavirus pandemic has disrupted Britain’s high streets. The cuts to the group’s 78,000-strong workforce come as the industry contends with severe ructions caused by the crisis, and follow a reduction of 950 roles announced last month. Like many of its high street rivals, M&S is looking to cut the numbers of staff that manage and support shops as it scrambles to adjust costs to a reality of much lower sales in stores. Since the start of the coronavirus crisis, companies such as pharmacy chain Boots, department store Debenhams and tech retailer Dixons Carphone have announced thousands of redundancies. These cuts are in addition to jobs lost through administrations and liquidations, which were more than 20,000 in t

News | Australia | Business | Retailing: Woolworths underpaid thousands of workers by up to $300m

Ben Butler 7-8 minutos - Source: The Guardian The supermarket giant Woolworths is to be investigated by the Fair Work Ombudsman in what is believed to be Australia’s biggest wage underpayment case after admitting it owes staff as much as $300m. Woolworths on Wednesday told the stock exchange it had so far identified 5,700 current staff it had underpaid for as much as nine years. But the number of underpaid workers is set to increase as Woolworths sifts through payment records, because the company is yet to determine how many former staff have also been shortchanged. The Fair Work Ombudsman, Sandra Parker, said she was “shocked” to see Woolworths join a list of large companies guilty of underpayment that already included Wesfarmers , Qantas, Commonwealth Bank, Super Retail Group and Michael Hill Jewellers. “The Fair Work Ombudsman will conduct an investigation in relation to Woolworths’ self-disclosure and hold them to account f