Sainsbury’s saves on management positions

Sainsbury’s has recently announced that it would save 500 million pounds on structural changes and eliminate hundreds of management positions.

The changes are also needed to accelerate integration with Argos, which was acquired in 2016 for 1.4 billion pounds.

In a letter to employees, the company announced that it had cut its management by 20 percent by March 2019 and will continue to do so this year. (origo)