Sainsbury's has cut 3,000 jobs


Open Editor's Digest for free

IJ Sainsbury is cutting 3,000 jobs as the UK's second largest supermarket seeks to cut costs and streamline its business.

The layoffs, of up to 2 percent of the group's workforce, will result in the closure of the remaining in-store cafes and a major change in management, with 20 percent of senior management roles expected to be made redundant.

The decision comes after the company said last year that it would cut £1bn in costs over the next three years. The restructuring also comes amid what chief executive Simon Roberts called a “challenging cost environment”.

This is a growing story



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *