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Sainsbury's to cut 2,000 jobs amid intense price war

Retail   The retailer is cutting 1,400 store-based clerks

British supermarket chain J Sainsbury will cut 2,000 jobs to save GBP500 million in costs amid a cut throat price competition with German discounters Aldi and Lidl.

The retailer is cutting 1,400 store-based clerks jobs and another 600 back office jobs that serve the chain as well as Argos and Sainsbury's bank divisions, the Guardian newspaper reported.

Sainsbury's, which employs about 119,000 full-time staff, is moving towards a centralized human resources model and has been working with management consultancy McKinsey on the headcount reduction plan, according to the newspaper.

In March, the retailer said it will cut 400 store jobs and change working hours of another 4,000 workers as it looked to run its supermarkets more cheaply. The changes included scrapping the night shift in 140 supermarkets.


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