Sainsbury’s could cut more than 1,000 head office jobs as part of an ongoing plan to reduce costs and save £500 million, according to reports in the national press.
The retailer has hired management consultancy McKinsey to oversea the restructure, the Guardian reported. It follows a move earlier this year to cut 400 in-store jobs as the business continues to face tough competition from discounters Aldi and Lidl, as well as from across the grocery sector.
Sainsbury’s will reach the end of a three-year plan to save £500m in March 2018, but chief executive Mike Coupe has said the company will attempt to save the same amount again in a new programme, the Guardian said.
As well as its head office in Holborn, Sainsbury’s has sites in Manchester, Coventry and Edinburgh.
A spokesperson for Sainsbury’s told the Guardian: “We do not comment on speculation and would always make any announcement around jobs to our colleagues first.”