Sainsbury(J) Plc. (JSAIY.PK,SBRY.L), a British supermarket chain, announced on Thursday that it has decided to axe over 3,000 roles from across the business to reduce costs and simplify the operating structure.
In addition, the company aims to reduce its 20 percent senior management roles and plans to close its remaining 61 Sainsbury's Cafes.
As part of the retailer's Save and Invest to win program to deliver 1 billion pounds of operating cost savings, the company plans to update its central divisions and management structures.
This will see all head office departments reorganized to become dedicated to the different needs of the Sainsbury's and Argos businesses, while creating fewer, bigger roles with clearer accountabilities.
The changes are designed to drive faster decision-making and bring costs down through an estimated 20 percent reduction in senior management roles over the next few months.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.