Sainsbury’s to axe hundreds of management roles

Argos Sainsburys

Sainsbury’s is to shed hundreds of jobs across its head office functions in a bid to slash costs and drive further synergies with the Argos business.

The supermarket giant will axe management roles in its commercial, retail, finance, digital, technology and HR divisions as it continues to merge store support centre teams.

Customer-facing roles in stores will not be affected.

It comes four months after Sainsbury’s told investors and journalists at its capital markets day that it was seeking a further £500m of cost savings over the next five years.

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