The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
800 jobs Number of planned job losses
Announcement Date
23 April 2015
Employment effect (start)
Foreseen end date
Description
Supermarket chain Sainsbury's has announced that it is to cut 800 jobs. The cuts will affect managerial staff as department and deputy manager positions are set to be axed. The move follows similar changes by the company's main competitors Morrisons, Asda and Tesco. Sainsbury's has said that it expects further difficult times ahead as it announced that like for like sales had fallen for the fifth consecutive quarter. In November 2014 Sainsbury's outlined plans to save 500 million GBP as part of a three year plan. These latest cuts are part of that wider plan. It is being reported that consultation with affected employees has begun at more than one hundred sites, though the exact timescale for the latest job cuts is not yet known.
Sources
23 April 2015: BBC Website
23 April 2015: The Telegraph
Citation
Eurofound (2015), Sainsbury's, Internal restructuring in United Kingdom, factsheet number 79377, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79377.
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