Morrisons to cut nearly 700 jobs
Morrisons is planning to cut nearly 700 jobs as it looks to install new cash-handling systems in its 490 stores.
The supermarket said the introduction of the new systems is part of an ongoing programme to improve its “competitiveness”.
Morrisons has started a four week consultation with 689 cash office managers and supervisors about proposals to replace manual cash counting in its back offices with automated cash handling systems. It is understood that Morrisons will try to offer affected staff other positions within its stores where possible.
Last month, the supermarket reported that full-year pre-tax profits had fallen to £879 million from £947 million in the previous year although sales rose 3% £18.1 billion.
Never Miss a Retail Update!It is currently working to catch up with other retailers by launching an online food store in partnership with Ocado in 2014 and by expanding its chain of convenience stores.
