Overview
- Accounts published on Aug 17–18, 2026 show Morrisons' average monthly workforce fell from 101,144 to 96,232 in the year to October 2025, a reduction of 4,912 roles.
- The job losses included more than 4,200 store positions and further cuts in food manufacturing and distribution, which the company says mostly followed service closures, a retail-team restructure and the downsizing of its Rathbones bakery business.
- Morrisons reported revenue of £15.7 billion, a £629 million pre-tax loss before exceptional items, and steady underlying EBITDA of £835 million for the year.
- The filings put reported net debt at £7.52 billion while noting a like-for-like net debt of about £3.2 billion when lease liabilities and preference shares are excluded.
- Chief executive Rami Baitieh is pressing a turnaround under owner Clayton, Dubilier & Rice as competition from discounters grows, trading was hit by a December 2024 cyber outage, and the company may pursue more store and service closures that will affect staff and local services.