Sainsbury's has warned that 3,500 jobs could go across its supermarket counters and Argos stores.
The company said its in-store meat, fish and deli counters were to be permanently shut due to a lack of shopper demand while 120 more Argos branches faced imminent closure as it accelerates a drive to open Argos within its supermarket network.
A total of 420 standalone Argos stores are to go over the next three-and-a-half years.
In a statement, the retailer said: "Whilst we will aim to find alternative roles for as many colleagues as possible, around 3,500 of our colleagues could lose their roles."
It made the announcement while revealing a half-year loss of £137m as a string of charges, including costs arising from the Argos store closures, took their toll on its bottom line and offset a 7.1% rise in sales across the business.
Sainsbury's new chief executive Simon Roberts, who took over in June, said: "We are talking to colleagues today about where the changes we are announcing in Argos standalone stores and food counters impact their roles.
"We will work really hard to find alternative roles for as many of these colleagues as possible and expect to be able to offer alternative roles for the majority of impacted colleagues.
"Right here and now, I and all the team are focused on supporting and delivering for our customers in the days and weeks ahead."
https://news.google.com/__i/rss/rd/articles/CBMiYWh0dHBzOi8vbmV3cy5za3kuY29tL3N0b3J5L3NhaW5zYnVyeXMtcmV2ZWFscy0zLTUwMC1qb2JzLWF0LXJpc2staW4tb3BlcmF0aW9uYWwtc2hha2UtdXAtMTIxMjQxMDDSAWVodHRwczovL25ld3Muc2t5LmNvbS9zdG9yeS9hbXAvc2FpbnNidXJ5cy1yZXZlYWxzLTMtNTAwLWpvYnMtYXQtcmlzay1pbi1vcGVyYXRpb25hbC1zaGFrZS11cC0xMjEyNDEwMA?oc=5
2020-11-05 07:18:45Z
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