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.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.