Belfast Telegraph

Sainsbury's cost-cutting will see 2,000 jobs axed

By Kalyeena Makortoff

Sainsbury's, which has 13 stores in Northern Ireland, is looking to cut around 2,000 payroll and human resources jobs in the UK as it continues a cost-cutting drive aimed at saving £500m over the next three years.

The company confirmed it had launched a consultation on plans to remove payroll and HR roles from its stores, which is expected to affect around 1,400 staff.

It is not clear how many jobs here will be affected.

It will also restructure its central office operations by consolidating HR and additional support staff from across the grocery chain, Argos and Sainsbury's Bank, which could see another 600 roles axed.

The announcement comes amid a major cost-cutting drive to slash £150m of costs this year and £500m in the following three years.

A spokesman said: "The UK grocery market is changing at a rapid pace and it's crucial that we transform the way we operate to meet future challenges and continue to provide customers with best in class service.

"Following a comprehensive review, we are proposing some updates to our HR structures and systems, as well as changes to a number of other support roles, subject to consultation."

Belfast Telegraph

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.