Home Business News Sainsbury’s to cut 1,500 jobs to save £1 billion in costs a year

Sainsbury’s to cut 1,500 jobs to save £1 billion in costs a year

by LLB staff reporter
29th Feb 24 4:25 pm

Sainsbury’s have announced that they will cut around 1,500 jobs as the supermarket chain want to save £1 billion a year on costs.

The supermarket chain will axe roles at the contact centre in Widnes, Cheshire their instore bakeries and jobs at local fulfilment centres.

The “vast majority” of staff at Widnes will be moved to different external firm who Sainsbury’s works with.

Chief executive Simon Roberts said, “As we move into the next phase of our strategy, we are making some difficult, but necessary decisions.

“I know today’s news is unsettling for affected colleagues and we will do everything we can to support them.”

The supermarket is also planning to move more of their shops “to a more efficient way of freshly baking products.”

“As a result, the supermarket will be conducting a consultancy process with bakers in these stores.

“Sainsbury’s has reassured affected colleagues that it will find alternative roles for them where possible, as it will for any colleague affected by changes proposed today.”

The proposed job cuts will be subject to consultation and the money saved will be invested back into the business to provide their customers with “great value, quality and service.”

Roberts said: “The proposals we’ve been talking to teams about today are important to ensure we’re better set up to focus on the things that create a real impact for our customers, delivering good food for all of us and building a platform for growth.”

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