Morrisons to add more shop floor staff as it axes head office jobs

Comments Off on Morrisons to add more shop floor staff as it axes head office jobs

The retailer pledged to recruit 5000 staff to work in its stores as it attempts to revive sales.

The measure follows 2600 store-management cuts last year.

The company said 720 head office roles would go as it simplified its management structure.

“We need a simpler, faster and cost-conscious Head Office and that requires some tough but necessary decisions,” said David Potts, Morrisons chief executive.

 

He said the company would be offering voluntary redundancies and alternative roles in Morrison’s stores for staff whose jobs are cut.

In March it reported pre-tax losses of £792 million, a significant increase from £176 million losses of 2013/14.

Lower sales, down 5.9% in the year ending February 1, and price cuts of £315 million, weighed on profits.

Morrisons, like its fellow Big Four supermarkets Tesco, Asda and Sainsbury’s, have all lost market share since last year to discount supermarkets Aldi and Lidl.

Source Article from http://www.standard.co.uk/business/business-news/morrisons-to-add-more-shop-floor-staff-as-it-axes-head-office-jobs-10181979.html

April 16, 2015 |
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