LONDON, April 14 (Reuters) - British supermarket group Morrisons plans to cut around 200 head office roles as part of a cost-cutting restructuring, it said on Tuesday. The group, owned by U.S. private
Morrisons to Restructure Head Office, Cutting 200 Jobs in Cost-Saving Move
Overview of Morrisons' Cost-Cutting Restructuring
LONDON, April 14 (Reuters) - British supermarket group Morrisons plans to cut around 200 head office roles as part of a cost-cutting restructuring, it said on Tuesday.
Details of the Restructuring Plan
The group, owned by U.S. private equity firm Clayton, Dubilier & Rice, said the restructuring, which started last year, aimed to "streamline processes and structures, automate a number of manual tasks and capitalise on the potential of data and AI to improve performance".
Impact on Workforce
- 200 jobs represents about 8% of the headcount at Morrisons' head office in Bradford in northern England. A consultation process with impacted workers has begun. In total the group employs about 95,000.
Market Conditions and Performance
- Morrisons noted "the current very challenging market conditions".
- Data from market researcher Worldpanel, published last month, showed Morrisons' sales growth continuing to underperform that of bigger rivals Tesco and Sainsbury's.
Reporting and Editorial Credits
(Reporting by James Davey; Editing by Hugh Lawson)
