BRIEF-Ocado CEO: To reduce costs will cut jobs in research and development
ReutersFeb 27, 2025 8:56 AM
Feb 27 (Reuters) - Marks & Spencer Group PLC MKS.L:
OCADO CEO: NO CHANGE IN COMMITMENT TO OCADO RETAIL JV WITH MARKS & SPENCER
OCADO CEO: CONTINUE TO ENGAGE CONSTRUCTIVELY WITH M&S ON SPAT OVER M&S'S FINAL PAYMENT FOR OCADO RETAIL JV
OCADO CEO: TO CUT COSTS THERE WILL BE JOB LOSSES IN RESEARCH AND DEVELOPMENT AREAS
OCADO CEO: JOB LOSSES WILL BE 'LOW SINGLE DIGIT PERCENTAGE' OF GLOBAL WORKFORCE
OCADO CEO: STILL BELIEVE U.S. MARKET IS 'ENORMOUS OPPORTUNITY' FOR OCADO
Further company coverage: MKS.L
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