Iceland reviews management structure but slams job loss claims
Iceland has launched a review of its management structure, but denied claims that “hundreds” of employees could be axed as a result of the move.
The frozen food specialist admitted that the review had “recently begun”, with a formal consultation process expected to be launched within weeks.
However, a spokesman for the retailer said reports that hundreds of roles could be made redundant were “categorically untrue”.
Iceland’s grocery rivals Asda, Sainsbury’s and Morrisons have all revealed restructuring plans since the turn of the year as food retailers grapple with rising property costs, the shift to online shopping and the relentless rise of discount duo Aldi and Lidl.
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