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Sainsbury's To Make Further Job Cuts

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Sky News has reported that Sainsbury's has announced its intention to make hundreds of further job cuts, following a reduction in the number of senior job roles during 2019.

The retailer said that the process of finalising the new leadership structures and the act of merging the Argos and Sainsbury's store centre support teams were factors influencing the decision, stating: "Bringing together more teams in commercial, retail, finance, digital, technology and HR will lead to a reduction of hundreds of management roles across the business."

Mike Coupe, outgoing-CEO, said: 

"We have to adapt to continue to meet the needs of our customers now and in the future and, while change can be hard, it's also necessary.

"We have a clear purpose and a strong and compelling set of priorities that will support us to deliver for our customers.

"We already have a sense of momentum across the business and can accelerate this by streamlining our structure and responding to customer needs more quickly.

"Truly integrating our business also unlocks efficiencies that we can reinvest in the things that matter most to our customers.

"I'm confident that the changes we've announced today will move us forward and deliver a joined-up customer experience across our brands."

Sainsbury's confirmed it has reduced its senior leadership team by 20% since the start of its financial year in March.

Earlier this month, Sainsbury's reported on third-quarter trading for the 15 weeks to 4 January 2020, advising of strong grocery performance and online growth as it moves towards creating one multi-brand, multi-channel business. In spite of this, total like-for-like retail sales (excluding fuel) declined by 0.7%, representing the fifth consecutive quarter of decline.

Source : Insight DIY Team

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21 January 2020

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