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
2,000 jobs Number of planned job losses
Announcement Date
17 October 2017
Employment effect (start)
Foreseen end date
Description
Sainsbury's supermarket has announced plans to embark on another cost cutting exercise which will result in a possible loss of 2,000 jobs across the UK. The decision comes as the business continues to face pressure from the so-called discounters. The job losses include 1,400 store based clerks as the firm moves to a centralised HR model. Sainsbury's are close to completing a three year plan to save 500 million GBP, but this latest announcement means that from Spring 2018, another three year plan to save the same amount will be launched. Sainsbury's previously announced 400 jobs losses earlier in 2017.
Sources
17 October 2017: BBC Website
17 October 2017: The Guardian
Citation
Eurofound (2017), Sainsbury's, Internal restructuring in United Kingdom, factsheet number 92327, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92327.
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