Scotland business

Renfrewshire-based fashion retailer M&Co to cut 59 jobs

M&Co store Image copyright M&Co

Independent fashion retailer M&Co is cutting 59 jobs.

The Renfrewshire-based business, which employs over 3,000 staff, said the bulk of the redundancies would be from its headquarters at Inchinnan.

"Four or five" posts in London, of a workforce of about 120, will also be closed.

The family run firm said it was reviewing its operations with an increased focus on e-commerce.

Most staff work across the 269 stores, but 400 are based at its offices in Inchinnan and London.

At the headquarters - where 223 people are currently employed - 28 roles are at risk of compulsory redundancy and 27 members of staff have taken voluntary redundancy, according to M&Co.

Redundancy offer

It said staff have been offered double the statutory redundancy pay, and have been told they do not need to work their notice periods.

A spokesman for M&Co said it would try to reallocate staff affected into other roles within the company.

He added: "Having undertaken a detailed, strategic review of the business over recent months, an increased focus on our fast-growing e-commerce operation and further investment in IT are key priorities for us.

"We are a strong, robust and profitable business with over 3,000 employees and 269 stores nationwide, but we must reduce our central overhead costs to ensure we maintain and build upon that hard-won position."

"These latest changes, whilst regrettable, are vital to ensure we are in the best possible shape to capitalise on the future developments in our sector."

On its website, M&Co, which is the brand name of Mackays Stores Group, said that some staff members had been with the company for 30 years. It added that almost a quarter of staff had worked there for more than 10 years.

The business also has international franchises across 10 countries.

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