Sainsbury’s rival offering jobs to workers as supermarket chain set to axe 3,000 staff
Sainsbury’s rival offering jobs to workers as supermarket chain set to axe 3,000 staff
Share:
A MAJOR supermarket has offered jobs to Sainsbury's staff set to be made redundant. Iceland is encouraging workers at the rival retailer to apply for roles within the business. In posts on Facebook and X, the supermarket chain said it was "sorry to hear" 3,000 Sainsbury's head office staff were set to be let go as part of a major restructuring plan.
It added: "If you or anyone you know has been affected, feel free to check out our careers page.". It comes after Sainsbury's this week said it would axe 3,000 roles from its head office as part of a management team overhaul. The supermarket chain said the move will see about 20% of senior management roles cut.
The cuts come despite Sainsbury's experiencing its "biggest ever" Christmas trading period. The retailer said profit for the full-year would likely be between £1.01billion and £1.06billion earlier in January. Earlier this month, it also said it will give tens of thousands of workers a 5% pay rise by August.
Hourly-paid staff will see their salaries hiked from £12 to £12.60 outside London and £13.15 to £13.85 outside the capital. But the supermarket is also looking to cut costs by £1 billion-a-year, letting 1,500 staff go in 2024, mostly from a contact centre in Cheshire.
The company said in late 2024 that tax increases from the October Budget will hit it with an extra £140 million in costs, warning that the changes will also lead to higher inflation. The Government is set to hike employer National Insurance contributions from 13.8% to 15% from April.