Eight redundancies at M&S
M&S Gibraltar has announced eight employees will be made redundant following a collective consultation process.
In a statement, the retailer said: “In common with many other companies the Covid-19 pandemic has forced M&S Gibraltar to make fundamental changes due to the significant continued loss of trade.”
The company said it has been examining every aspect of its business to ensure it is “fit for purpose and the future”.
M&S initially planned for up to 14 positions to be made redundant, but after having worked through the collective consultation process with the staff representatives to minimise the impact as much as possible, eight positions will be subject to redundancy.
In July, Chris Walker, General Manager of M&S Gibraltar, told the Chronicle the local branch had experienced a significant reduction in trade due to the pandemic that will result in “some staffing restructures and renegotiations of costs”.
But the high cost of rent continues to be a concern for the Main Street retailer.