Sainsbury’s and Argos set to cut 3,000 jobs tomorrow as second national lockdown begins
Sainsbury’s is to announce tomorrow that it is cutting more than 3,000 jobs as the second lockdown begins.
A large number of the jobs are expected to go from the group’s subsidiary Argos, which it bought in 2016.
There are also likely to be be roles lost in Sainsbury’s stores, with the closure of its delicatessens and fresh fish and meat counters on the cards.
The supermarket employs more than 170,000 in Britain.
The cuts come just a day after John Lewis axed 1,500 office roles and M&S announced its first loss in 94 years.
Retailers, hospitality firms and airlines have been hit hardest in the Covid-19 lockdowns.
Sainsburys has been searching for new direction after its proposed tie up with rival Asda was torpedoed by watchdogs.
While sales have risen recently due to stockpiling, costs have increased due to PPE and discounters such as Lidl continue to ramp up the pressure.
More to follow…
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