Sainsbury’s Cuts 3,000 Jobs as Supermarket Seeks Cost Savings
J Sainsbury Plc will axe 3,000 staff across the business and close its remaining cafes, as Britain’s second-largest supermarket steps up a cost-saving drive after Labour’s revenue-raising budget.
Sainsbury’s to cut 3,000 jobs as rising costs hit business
J Sainsbury is axing 3,000 jobs, including senior managers, as the UK’s second-largest supermarket chain accelerates cost-cutting after the Labour government increased taxes on employers in its October Budget.
UK's Sainsbury's to cut over 3,000 jobs to counter 'challenging cost environment'
British supermarket group Sainsbury's said on Thursday it was proposing to reduce its headcount by over 3,000 roles as it seeks savings to counter a "particularly challenging cost environment".
Sainsbury’s Job Cuts Just the Start as Costs Soar in UK Retail
Britain’s retailers face having to cut more jobs, drive harder bargains with labor unions and stagger pay increases to absorb the shock tax rises in the government’s revenue-raising budget that kick in this year.
Sainsbury's to cut 3,000 jobs and shut cafés
Sainsbury's has announced it will cut 3,000 jobs as it shuts down its remaining cafés and closes its patisserie and pizza counters. The supermarket says the move will "simplify the business", adding that most Sainsbury's shoppers "do not use the cafés regularly".
Full list of Sainsbury's cafe closures after supermarket confirms 3,000 job cuts
Sainsbury’s is set to cut more than 3,000 jobs amid a major overhaul of its stores. The cuts mean the supermarket giant is slashing its workforce – consisting of 148,000 people – by 2% in an effort to ‘boost Sainsbury’s and Argos performance’,
Sainsbury’s job cuts: what investors should know about SBRY stock’s outlook
Sainsbury’s, the UK’s second-largest supermarket chain, is set to cut 3,000 jobs as part of a cost-cutting drive in the face of rising labor costs and a challenging economic environment. The job cuts will primarily affect the retailer’s hot food counters and cafes,
Sainsbury’s to axe 3,000 jobs as it warns of cost pressures
The cuts include a 20% reduction in senior management staff, which is understood to be linked to recent tax increases in the Budget.
Sainsbury to cut 3,000 jobs and close remaining cafes amid cost-saving measures
Plc, Britain's second-largest supermarket, has announced plans to cut 3,000 jobs and close its remaining cafes as part of an ongoing cost-saving initiative. This move comes in the wake of Labour's budget,
Sainsbury's to cut 3,000 jobs and close 61 remaining in-store cafes
Sainsbury’s has announced it will cut more than 3,000 jobs and plans to shut its remaining in-store cafes as part of a major overhaul.
J Sainsbury falls Thursday, underperforms market
Shares of J Sainsbury PLC SBRY slipped 1.63% to £2.53 Thursday, on what proved to be an all-around positive trading session ...
J Sainsbury downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded J Sainsbury (JSAIY) to Underweight from Equal Weight with a price target of 276 GBp, down from 281 GBp. The firm’s ...
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J Sainsbury sets out stall in sterling bond market
UK grocer J Sainsbury made a sparkling debut in the sterling bond market on Wednesday. The company drummed up £4.4bn of final ...
J Sainsbury rises Monday, outperforms market
Shares of J Sainsbury PLC SBRY inched up 0.84% to £2.65 Monday, on what proved to be an all-around favorable trading session ...
J.P. Morgan Reaffirms Their Buy Rating on J Sainsbury plc (SBRY)
In a report released today, Borja Olcese from J.P. Morgan reiterated a Buy rating on J Sainsbury plc (SBRY – Research Report), with a price ...