Morrisons is making plans to cut hundreds of jobs and close several cafes as it aims to address financial challenges and increased staff expenses. The supermarket intends to shut down some cafes, butcher and fish counters, convenience stores, florists, and pharmacies, which may lead to 365 workers facing redundancy. Rami Baitiéh, Morrisons' CEO, emphasized that these changes are vital for the company's revitalization and growth by focusing investments on areas that customers value the most. The decision to streamline operations comes amid ongoing efforts to reduce the company's significant debt burden resulting from the acquisition by Clayton, Dubilier & Rice (CD&R) in 2021. Despite recent restructuring initiatives, new financial obstacles, such as increased National Insurance costs, are forcing Morrisons to accelerate its cost-cutting measures. The planned closures and job cuts are part of a comprehensive review to align costs with customer demand and counter recent cost escalations.
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