Marks and Spencer looks to stem sales slide with HQ job cuts

Marks and Spencer is reportedly set to axe 500 jobs at its head office next week. 
The cuts come under new chief executive Steve Rowe looks to halt the retailer’s sales slump. According to reports Marks and Spencer is looking to cut 15 per cent of jobs at its Paddington-based headquarters in London with contractors set to be the hardest hit. 
Sources claim the cuts follow consultation with employees and are likely to be announced on Thursday. The cuts will not affect shop floor s