London: British supermarket group Sainsbury’s is to axe 500 jobs as part of a plan to cut costs by 500 million pounds ($760m, ¤645m), it announced yesterday.
The savings will fund future investments and the job cuts will be spread across store support centres, the supermarket said in a statement.
“I recognise that these changes will be difficult for our colleagues and I can assure you the decision to make them was not taken lightly,” said chief executive officer Mike Coupe.
“However, I’m certain that we will be in a stronger position to deliver our new strategy and better equipped to win in these times of change as a result.”
Agencies
