Sainsbury's: redundancies ahead at group headquarters?
(CercleFinance.com) - The Sainsbury's share is down 0.
7% today in London, with the group preparing to make around a thousand redundancies at its headquarters - particularly in HR and training, according to Aurel BGC, which quotes the Sunday Telegraph.
The broker's analysts say that the British number two retailer could make such an announcement next month, in the footsteps of its competitor Tesco, which is currently making some 1,200 redundancies at its own headquarters.
For the record, at the start of July Sainsbury's said that it aims to make cost savings of 145 million pounds this year, with a three-year savings plan of some 500 million pounds.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
7% today in London, with the group preparing to make around a thousand redundancies at its headquarters - particularly in HR and training, according to Aurel BGC, which quotes the Sunday Telegraph.
The broker's analysts say that the British number two retailer could make such an announcement next month, in the footsteps of its competitor Tesco, which is currently making some 1,200 redundancies at its own headquarters.
For the record, at the start of July Sainsbury's said that it aims to make cost savings of 145 million pounds this year, with a three-year savings plan of some 500 million pounds.
Copyright (c) 2017 CercleFinance.com. All rights reserved.