Tesco and Sainsbury’s job cuts ‘tip of the iceberg’

More retail jobs could be lost at supermarkets across Devon. Following Sainsbury’s and Tesco announce huge job cuts in the UK.

Sainsbury’s became the second to recently announce major job cuts after it revealed plans for a management shake-up.

In Cornwall its stores include Torpoint, Bude, Truro, Bondmen, Newquay, Helston, Falmouth and Penzance.

It comes only a few months after Sainsbury’s announced plans to axe 2,000 jobs.

The firm said it was consulting with staff over plans. That would see a number of senior in-store posts slimmed down and replaced by fewer management roles.

Affected staff, thought to run into the thousands. Will be given the choice of applying for the new roles, accept a more junior position or face redundancy consultation.

Sainsbury’s said the changes were “designed to meet the challenges of today’s retail environment”. And would result in a more efficient structure, the Mirror reported.

It came after rival Tesco announced it is also going to axe 1,700 shop floor jobs across its stores.

Now analysts fear the two announcements are just the tip of the iceberg. And more bad news is on the way.

Martin Lane, managing editor of money.co.uk, said now was the time for staff at supermarkets to ‘check what redundancy rights you have. Dig out any income or mortgage protection policies you hold just in case’.

He added: “This is the second time we’ve heard of job cuts impacting two of the UK’s biggest grocery stores. The supermarket giants are clearly facing turbulent times. With competitive pressure from discount rivals and online sales.

“I suspect this may just be the tip of the iceberg for the industry, shoppers habits are changing, purse strings are tightening and our reluctance to pay full price grows.”

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Photo Credit: Martin Bodman Andrew Abbott

 

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