Over 1,000 jobs could be hit as Sainsbury’s announces restructuring scheme

Nearly 1,150 jobs may get hit as Sainsbury’s announces a new restructuring scheme.

It’s been the same story for retailers all through 2020 and much hasn’t changed in 2021 too. With this announcement from Sainsbury’s, over 500 head office jobs will now become redundant.

And this will be across its apparel section, general merchandise, HR and all commercial operations.

It is bit surprising to see the apparel division too getting hit, considering clothing sales were up by 0.4 per cent in the 15 weeks to 2 January 2021.

Besides the head office jobs becoming redundant, office space too will be reduced as a part of the restructuring scheme in addition to closing down of one of its warehouses.

Closure of warehouse is expected to put another 650 jobs at risk.

However, the retailer has added that it would try to accommodate the warehouse’s workers in nearby stores to help in online pick-and-pack services. Notably, over 20 stores in and around London will see their online section expanded by March 2022.

The retailer said that the money saved will be utilised to give customers lower-priced products and new products.

Founded in 1869, Sainsbury’s generated revenue of £28.993 billion in 2020.