British shopping chain Marks & Spencer announced Tuesday that it would begin consultations with the 351 employees of ws.intentions to close 11 stores in Poland, the company said. The company assures that it shall fully comply with the laws, to work in Poland.
Company has stores in Poland, in Warsaw, Gdynia, Boats, Koszalin, Poznan, Wroclaw. The company entered Poland in 1999. You can buy clothes, appliances and food.
In this connection a press release the company said that the proposal was developed after conducting a comprehensive review of 466 foreign stores, the purpose of which was to present a clear picture of ongoing activities and factors affecting the results.
“the Review related results and potential of each of the foreign markets of the Group. He showed that international activities, Marks & Spencer can be divided into two parts: its own activity, which in many markets brings losses, and cost effective franczyzową, which last year generated a profit of $ 87 million pounds” – are.
As I said, last year the activities of the own Group on ten markets generating 45 million pounds loss on 171 million pounds of income, and some markets brought losses over the past five years. The report says that was due, in particular, the fragmentation of its own stores and the insufficient scale of activity. Marks & Spencer announced plans to close all 53 of its own stores in ten markets, including ten in China and seven in France, and also in Estonia, Hungary, Lithuania, Slovakia, Romania, the Netherlands, Belgium and Poland.
“the Group will begin today a consultation regarding the intention to close stores with its 351 workers in Poland. Marks & Spencer undertakes to comply with all local labor law in Poland. This includes cooperation with the European Council Plant and staff before the start of the consultation process”, – stated in the message.
the regional Director for Europe, China and India in marks & Spencer Jonathan Glenister, quoted in the message said that the review Group’s international activities were carried out a detailed review of the opportunities in the Russian language. “It showed that our activities in Poland, is untenable. We are aware of the impact of a proposed in Poland changes on our employees and you want to get their feedback about our proposal,” he said.
As indicated, at the Group level, if the result of the consultation, Marks & Spencer decides to implement his plan, he will be 150 – 200 million pounds of expenditure, mostly in cash, mainly related to real estate and dismissal of employees.
the Company announced that in the future, Marks & Spencer intends to operate on a smaller number of markets in which companies operate, which is fully owned by the company, but with great emphasis on the creation of a joint venture and franchise network.
marks & Spencer has 268 stores and franchises in 34 markets, as well as a joint venture in Greece and India. British trade network reported that in cooperation with its partners, the Group will use their scale of activities and infrastructure and knowledge of local conditions.
“Marks & Spencer will also continue to develop activities franczyzową in the field of food products in France, where there is a demand for high quality, innovative products, available in convenient locations. Will continue to operate the company owned by the Group in Ireland, Hong Kong and the Czech Republic which, thanks to its strong brand recognition, well-known Department stores and loyal customers still make a profit”, it says. The company also conducts e-Commerce on 21 markets.
marks & Spencer said that also began on Tuesday consultations on his proposal with “OK”. 2 100 employees in international markets, including in Poland.
Founded in 1884. the company Marks & Spencer has more than 930 stores in the UK and 466 stores in international markets. Outside of the UK is present in 58 markets.
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