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British Grocery Chain Sainsbury’s Slashes 3K Jobs

November 06, 2020 at 04:18PM

U.K., grocery, Sainsbury’s, retail, news, what’s hot

Supermarket group Sainsbury’s is planning to slash 3,000 jobs, according to a Times report on Friday (Nov. 6).

The group’s Argos business will see the most layoffs. Sainsbury’s is shuttering its meat counters, fresh fish departments and delis. Sainsbury’s purchased Argos in 2016 for £1.4 billion. 

The second pandemic lockdown announced in the U.K. prompted merchant John Lewis and Lloyds Banking Group to roll out redundancy plans.

Sainsbury’s also announced that its Commercial Director Paul Mills-Hicks is exiting as part of the development of a leadership team headed by new CEO Simon Roberts.

The supermarket chain announced in February that it was rolling out smaller C-store shops, with the first one opening in London. The new stores are intended to bring necessities to busy city workers. 

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