FEARS are growing for Marks & Spencer jobs amid claims the high street giant is preparing for a wave of redundancies.
According to a report in The Times, bosses will announce more than 1,000 job are to go as part of a company shake-up.
It also plans to cut several hundred more jobs from head office and support sectors, the newspaper reported.
Fellow retailers Debenhams and Next are expected to give trading updates today.
While the high street was busy over Christmas, the British Retail Consortium warned that a last-minute boost would not make up for hard times.
Worsening economic conditions have hit retailers hard, with crystal and china maker Waterford Wedgwood becoming the latest firm to call in administrators.
Deloitte is now hunting for a buyer in a bid to save the stricken company.
A string of businesses such as children’s clothes retailer Adams, Woolworths, music and entertainment chain Zavvi, and MFI collapsed recently.
Marks & Spencer refused to comment on the report.
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