Morrison to Cut About 2,600 Management Jobs Amid Sales Slump
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Wm Morrison Supermarkets Plc plans to cut about 2,600 management jobs as the U.K. grocer seeks to reduce costs amid a slump in sales that caused it to announce 1 billion pounds ($1.7 billion) of price cuts earlier this year.
Department manager and supervisor roles will be pooled together under a smaller tier of team managers, Bradford, England-based Morrison said in a statement today.