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Sainsbury’s £500 Million Cost Saving Plans to Cut 1,000 Jobs

It has been announced by Sainsbury’s that its planned cost-saving scheme will involve cutting more than 1,000 jobs across its head office.

Sainsbury’s is currently the UK’s second biggest grocer after Tesco, with over 3,000 employees working in its offices including in London, Coventry, Edinburgh and Manchester.

The news comes after its 1,200 store job cuts combined since it announced a three-year plan to save costs in 2015.

According to senior sources, the main focus of the supermarket is to reduce the operating costs within its human resources and learning and development departments.

Furthermore, a management consulting firm, McKinsey & Company has been appointed to prepare the supermarket’s employee reduction plan.

Sainsbury’s is not the only one to take such drastic measures. Mr Lewis who was appointed to take charge of the UK’s largest supermarket, Tesco in 2014 has made over 11,000 jobs redundant in his first two years. More recently, Tesco announced further 1,200 job cuts at its head office.

A Sainsbury’s spokesperson commented:

“We do not comment on speculation and would always make any announcement around jobs to our colleagues first.”

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