Nov 4 (Reuters) - British supermarket group Sainsbury
will announce plans to cut 3,000 jobs, alongside its
first-half results on Thursday, The Times reported.
A large number of the jobs will go from the group's Argos
business and there will be layoffs in Sainsbury's stores with
the closure of delicatessens and fresh fish and meat counters,
the newspaper reported https://bit.ly/3jVHVQv on Wednesday.
The news comes after several other British groups such as
retailer John Lewis and domestic bank Lloyds Banking Group
launched redundancy plans on the eve of the second
national lockdown in England.
The month-long lockdown in England will be imposed to combat
a surge in new infections that could, if unchecked, cause more
deaths than a first wave which forced a three-month lockdown
earlier this year.
Sainsbury earlier in the day announced that its veteran
commercial director Paul Mills-Hicks will leave the group as
part of a revamp of its leadership team by new Chief Executive
Sainsbury declined to comment on the Times report.
(Reporting by Rebekah Mathew in Bengaluru; Editing by Maju