UK supermarket chain Morrisons is to cut 1,500 management jobs and create 1,700 lower-paid roles, according to Reuters.
The move is a big to cut costs along the lines of similar restructuring by larger rivals. The ‘big four’ retailers, Tesco, Sainsbury’s, Asda and Morrisons are all launching cost-cutting drives to compete with market newcomers Aldi and Lidl, who are steadily gaining market share.
Tesco has said it will cut 800 jobs and Sainsbury’s is to remove all management job roles below store manager.
Morrisons has said the net loss of 200 roles would not necessarily mean managers will lose their employment, as the chain currently has around 800 management vacancies for which affected managers could apply.
Gary Mills, retail director of Morrisons said: “Very regrettably, there will be a period of uncertainty for some managers affected by these proposals.”