Sainsbury’s cutting up to 3,500 jobs

Sainsbury’s is set to cut up to 3,500 jobs as it closes more than 400 standalone Argos stores, along with all meat, fish and deli counters.

The supermarket chain stated that around 150 Argos stores would be moved into its supermarkets to reduce costs.

Sainsbury’s stated that it would aim to find new roles for all affected staff affected, with the overall number of people it employs due to rise by 6,000 by March.

New chief executive Simon Roberts said: “COVID-19 has accelerated a number of shifts in our industry – investments over recent years in digital and technology have laid the foundations for us to flex and adapt quickly as customers needed to shop differently.”

The changes follow Sainsbury’s recent report of £137 million pre-tax loss during the six months to 19 September - down from a £9 million profit in the same period last year - as total sales fell 1.4 per cent.

The retailer also stated that its percentage of online sales had risen to 40 per cent, compared with 19 per cent a year ago.

Sainsbury’s said it had faced one-off costs of £438 million related to the closure of Argos stores, as well as £290 million on protective measures for staff and customers during the pandemic.

    Share Story:

Recent Stories


Supermicro and NVIDIA’s AI Solution for Retailers
To find out more: click here

Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.

For further information on Motorola Solutions’ retail security products, including body cameras, click here.

Advertisement