By Elliott Brown [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Thousands of jobs at Sainsbury’s are at risk as the supermarket plans a shake-up in its management structure.
The announcement happended shortly after Tesco placed over 1,500 of its staff into a consultation period as the company prepared to slash around 800 jobs.
Structural shifts in the retail industry, combined with increased costs from the national living wage and business rates, have been prompting job cuts at supermarkets.
Last October, Sainsbury’s said that it was cuting 2,000 jobs as a part of the plan of the company to achieve £500m worth of savings over the coming three years. The said changes affected the staff in the HR teams of the supermarket in Coventry, Manchester, Edinburgh, and London.
Now, the grocer said to be cutting store management jobs across both its convenience stores and supermarkets. The said positions will be replaced with fewer but more highly-paid management jobs.
The retail and operations director of Sainsbury’s, Simon Roberts, stated: “The proposals will introduce a more efficient and effective structure, designed to meet the challenges of today’s retail environment. They will deliver cost savings to be invested in our customer offer and in our colleagues as they continue to provide the very best service for our customers.
“Our intention is not to reduce overall headcount as a result of these proposals.”
At around 12 pm today, the share price of Sainsbury’s was upby 0.54 percent to 258p.