British supermarket chain axes 1,600 jobs
British supermarket chain Morrisons said on Monday it was closing two depots with the loss of around 1,600 jobs.world Updated: Jan 10, 2006 03:49 IST
British supermarket chain Morrisons said on Monday it was closing two depots with the loss of around 1,600 jobs. Morrisons said it was shutting the sites because it was left with too many distribution centers following its 3 billion-pound takeover of former rival Safeway UK in March 2004.
The company, which is Britain's fourth-largest food retailer, said it is hoping to minimize layoffs by finding alternative roles within the company for some of the staff at the affected depots at Aylesford and Bristol in southern England.
Competition authorities made Morrisons sell around 200 stores after the Safeway deal and in October the company posted the first loss in its 106-year history.
Morrisons employs more than 150,000 people at its 360 stores and in its factories and five other distribution centers.