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deeplycynical

Listed below are comments made by deeplycynical between Wednesday, 7th January 2009 and Wednesday, 7th January 2009.

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M&S: no ordinary downturn 09:03am on 07 Jan 2009 All of this doom and gloom at M&S, making severe cuts suggests that they are in financial difficulties.

However their balance sheet shows huge profits for the previous year and I would guess that they are still in profit this year.

So why is it necessary to be so savage with cuts now? Are they losing money? Or is it simply a way of boosting their profits to shareholders at the expense of the employees?

Are they going to cut a similar proportion of board members and senior management team too? I think not....................

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