British retailer Marks And Spencer has reportedly announced that it is seeking 97 voluntary redundancies in seven stores across the Republic of Ireland.
The seven stores where an exit package is being offered are Liffey Valley, Dundrum, Mary Street, Grafton Street, Blackrock, Blanchardstown in Dublin and Patrick Street in Cork, reports the Irish Independent.
According to the Irish Independent the closing date for the scheme is today (21 March), and staff will find out next week if they have been accepted.
The exit package is believed to be worth three weeks' pay per year of service, plus statutory pay.
"I think these redundancies at Marks and Spencer are due to a combination of factors, but automation and technology are having a huge impact across retail," Gerry Light, of Mandate said.
"I've no doubt the big retailers will tell you it's not significant, but every one of them has reduced their workforce."
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition.