Hundreds of management jobs to go in latest Sainsbury’s overhaul
Hundreds more management jobs are being cut at Sainsbury’s in the latest overhaul following its takeover of Argos.
The supermarket giant confirmed plans to further integrate the head office functions for both Sainsbury’s and Argos across departments including commercial, retail, finance, digital, technology and human resources.
It declined to reveal the total number of further roles that will be cut, but said it would be in the “hundreds”.
It comes after the retailer has already cut the number of senior leadership roles by more than a fifth since last March.
Sainsbury’s and Argos have head office functions across London, Milton Keynes, Edinburgh, Manchester and Coventry.
Chief executive Mike Coupe told staff: “We have to adapt to continue to meet the needs of our customers now and in the future and, while change can be hard, it’s also necessary.”
He added: “We already have a sense of momentum across the business and can accelerate this by streamlining our structure and responding to customer needs more quickly.
“Truly integrating our business also unlocks efficiencies that we can reinvest in the things that matter most to our customers.”
The group stressed the job cuts are part of previously-announced plans to save £500 million in costs.