Sainsbury's to Eliminate 1,500 Jobs in Major Cost-Cutting Effort
The supermarket giant aims to streamline operations and boost competitiveness through significant job reductions and technology investments.
- Sainsbury's announces plans to cut approximately 1,500 jobs across various departments including bakeries, warehouses, call centers, and HR as part of a £1bn cost-cutting initiative.
- The job cuts are aimed at freeing up cash to enhance competitiveness and attract customers back from rivals, following a strategy update earlier this month.
- Sainsbury's seeks to invest in technology and automation, leading to a reduction in the need for local fulfilment centers and certain support roles.
- Affected employees will be offered support and, where possible, alternative roles within the company, including opportunities through outsourcing partnerships.
- The supermarket chain has seen a recent increase in market share, growing faster than competitor Aldi and reaching a 15.6% market share according to the latest Kantar figures.