Shock announcement as M&S reshapes its logistics network!
- Marks and Spencer to close two distribution centres in spring 2021.
- Nearly 700 jobs at risk due to the closures.
- Affected centres are Thorncliffe and Long Eaton, each employing around 330 staff.
- The closures are part of a logistics review to create a nationally connected network.
- Usdaw union plans to consult with M&S to secure the best outcome for affected employees.
Marks and Spencer (M&S) has revealed plans to close two of its distribution centres in the spring of 2021, putting nearly 700 jobs in jeopardy. The centres affected are Thorncliffe and Long Eaton, which are operated by logistics partners XPO and DHL, respectively, each employing around 330 staff members. This decision comes as part of a broader review of M&S’s logistics operations, aimed at transitioning to a nationally connected network of distribution centres to better serve customers. Ed Leach, an area organiser for the Usdaw union, expressed that the proposed closures have come as a shock and are devastating news for the employees involved. He stated that Usdaw will engage in meaningful consultations with M&S to thoroughly examine the business case and strive for the best possible outcome for those affected. An M&S spokesperson explained that the company is in the early stages of changing its supply chain to improve product flow and availability for customers. They emphasized that the decision to close the Thorncliffe and Long Eaton centres was not made lightly, but is essential for enhancing customer service as they transition to a nationally connected network. The logistics partners will collaborate closely with the employees at the affected sites to determine the best course of action for them.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Marks and Spencer’s decision to close two distribution centres, the impact on employees, and the company’s reasoning behind the move.
Noise Level: 3
Noise Justification: The article provides relevant information about Marks and Spencer’s decision to close two distribution centers and its impact on employees, but it lacks in-depth analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Marks and Spencer, XPO, DHL
Financial Rating Justification: The article discusses Marks and Spencer’s decision to close two distribution centers operated by XPO and DHL, which will impact their operations and potentially affect the jobs of nearly 700 employees. This has financial implications for both companies involved.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article
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