UK supermarket Group, Morrisons is to make sweeping cuts to its head office workforce this week as part of a restructuring exercise, with staff entering consultation over potential redundancies.
The latest proposed changes come just under a month after the supermarket confirmed it was to make its entire convenience buying and operations teams redundant and move its general merchandise teams to a new office more than an hour away.
The cuts come despite Morrisons announcing positive first quarter results for the period ending 25 January in late March, with like-for-like and total sales up by 2.8% and 2.6% respectively.
However, analysts have warned about the impact of the supermarket’s mounting debts – a consequence of its 2021 private equity takeover and rising borrowing costs.
The quarterly update last month revealed Morrisons had already made £894m in savings since its cost savings plan began several years ago.
Full story Morrisons announces 'brutal' head office job cuts - Better Retailing
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