Sainsbury's to axe 500 jobs in cost-cutting push

Sainsbury's will axe 500 jobs across its head office and store support centres as part of its wider £500m cost-cutting efforts.

Mike Coupe: Sainsbury's chief executive officer
Mike Coupe: Sainsbury's chief executive officer

The retailer suffered its worst Christmas in a decade, as like-for-like sales barring fuel .

Sainsbury’s plans to spread the job cuts across all divisions at its store support centres in London, Manchester and Coventry after reviewing its central costs and structures.

In a letter to staff, Mike Coupe, Sainsbury’s chief executive officer, said:  "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. 

"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."

Sainsbury’s has launched a consultation that will determine which divisions will be affected. Coupe said the "new structures" would take effect by the beginning of the financial year 2015/16.

The news comes amid wider changes among the big supermarket chains, after Morrisons announced that , and Tesco announced its own

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