Latest news with #RamiBaitie
Wales Online
7 days ago
- Business
- Wales Online
Full list of closed Morrisons supermarkets as 3,600 jobs axed
Full list of closed Morrisons supermarkets as 3,600 jobs axed The supermarket giant has cut its workforce from 104,819 to 101,144 over the last financial year after a decline in revenue Morrisons has cut over 3,600 jobs whilst also closing 17 stores (Image: Getty) Morrisons, the supermarket behemoth, has announced a significant restructuring that includes the loss of over 3,600 jobs and the closure of 17 stores. The company's workforce was reduced from 104,819 to 101,144 during the last financial year, following a decrease in revenue. The closures come as the UK faces a cost-of-living crisis, with inflation at a 30-year high. The job cuts spanned various sectors within the company, including in-store and distribution staff, head office employees, and manufacturing workers. You can read more about the job losses here. This followed a drop in profits for the retailer in the 12 months leading up to October 27, 2024. The most substantial reduction was among on-the-ground staff, with numbers dwindling from 88,258 to 85,508. For our free daily briefing on the biggest issues facing the nation, sign up to the Wales Matters newsletter here . These job losses preceded the closure of 17 UK branches earlier this year, culminating in the final store closure in Haxby, North Yorkshire, on May 14. Additional closures occurred in April, coinciding with the discontinuation of 50 Morrisons in-store cafes, 35 meat and fish counters, and 18 Market Kitchen food courts. The supermarket attributed these drastic measures to the need to reduce costs amidst escalating financial pressures, having reported pre-tax losses of £919 million in 2023 and £1.3 billion in 2022, reports the Express. In 2023, the company also shuttered over 8,800 stores across its business. Despite these challenges, Morrisons posted a pre-tax profit of £2.1 billion for the 12 months ending October 27, 2024, according to accounts filed with Companies House. This marks the first return to profitability since the company was acquired by US private equity investor Clayton Dubilier and Rice in October, 2021. Morrisons has reported a sales surge in the second quarter of its financial year, with like-for-like sales climbing 4.2% to £3.9 billion. Chief executive Rami Baitiéh spoke to City AM, saying: "Against the backdrop of a challenging macro environment, with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds." He added: "Throughout the first half we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty." In response to economic pressures, heightened by the Chancellor's October Budget, other grocery chains such as Aldi, Tesco, and Sainsbury's have also reduced their workforce. The following Morrisons stores have closed: - Gorleston Lowestoft Road. - Shenfield 214 Hutton Road. - Peebles 3-5 Old Town. - Poole Waterloo Estate. - Tonbridge Higham Lane Est. - Romsey The Cornmarket. - Stewarton Lainshaw Street. - Selsdon Featherbed Lane. - Great Barr Queslett R. - Whickham Oakfield Road. - Worle. - Goring-By-Sea Strand Para. - Woking Westfield Road. - Wokingham 40 Peach Street. - Exeter 51 Sidwell Street. - Bath Moorland Road. Article continues below - Haxby Village.
Daily Record
05-08-2025
- Business
- Daily Record
Morrisons axes 3,600 jobs and closes 17 stores after 'challenging environment'
The chain has also closed 52 cafes in Scotland as a number of cuts were brought in - as it returned to profit Morrisons slashed over 3,600 positions as it returned to profitability for the first time since its 2021 private equity buyout, the company announced today. The Bradford-headquartered grocery giant posted a pre-tax profit of £2.1bn for the year ending 27 October 2024, reversing losses of £919m from the previous year and £1.3bn the year prior, according to new filings submitted to Companies House. Nevertheless, Morrisons reduced its workforce from 104,819 to 101,144 during this timeframe. In the last 12 months it also closed 17 Morrisons Daily stores and axed 52 cafes including those in Dumbarton, East Kirkbride, Glasgow, Largs and Troon. Shop floor personnel numbers fell from 88,258 to 85,508, manufacturing positions dropped from 7,865 to 7,612, warehouse workers declined from 5,783 to 5,424, and corporate office staff decreased from 2,913 to 2,600. These cuts come on top of more than 8,800 redundancies the year before. The chain's turnover fell from £18.3bn to £17bn despite comparable store sales rising 3.9% and overall sales growing 4.2% to £3.9bn in the second quarter of its current financial year. Underlying EBITDA increased 7.2% in the first half to £344m. The recent redundancy figures follow Morrisons shuttering 17 of its outlets across the UK earlier this year, with the last branch in Haxby, North Yorkshire, closing on May 14. Chief Executive Rami Baitiéh commented: "Against the backdrop of a challenging macro environment, with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds. "Throughout the first half, we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty." Earlier in the year, Morrisons took the decision to close over 50 cafés as part of cost-saving initiatives, putting an additional 365 jobs at risk. Yet, Morrisons isn't alone in downsizing its staff - back in February, Aldi announced plans to cut up to 350 roles at its UK head office in Atherstone, near Birmingham. Tesco and Sainsbury's have also made job cuts following last October's Budget. In January, Sainsbury's disclosed plans to cut 3,000 jobs and close all its in-store cafés, while Tesco axed 400 positions in a bid to "simplify" its operations. Full list of Morrisons store closures All the stores closed are Morrisons Daily convenience stores, not full-scale supermarkets. Here are the ones which closed earlier this year. Bath, Moorland Road Exeter, 51 Sidwell Street Goring-By-Sea, Strand Para Gorleston, Lowestoft Road Great Barr, Queslett Road Haxby Village Peebles, 3-5 Old Town Poole, Waterloo Estate Romsey, The Cornmarket Selsdon, Featherbed Lane Shenfield, 214 Hutton Road Stewarton, Lainshaw Street Tonbridge Higham, Lane Est Whickham, Oakfield Road Woking, Westfield Road Wokingham, 40 Peach Street Worle Morrisons Café closures Here are all the Morrisons café branches which have shut. Bradford Thornbury Paisley Falside Rd London Queensbury Portsmouth Great Park Banchory North Deeside Rd Failsworth Poplar Street Blackburn Railway Road Leeds Swinnow Rd London Wood Green Kirkham Poulton St Lutterworth Bitteswell Rd Stirchley Leeds Horsforth London Erith Crowborough Bellshill John St Dumbarton Glasgow Rd East Kilbride Lindsayfield East Kilbride Stewartfield Glasgow Newlands Largs Irvine Rd Troon Academy St Wishaw Kirk Rd Newcastle UT Cowgate Northampton Kettering Road Bromsgrove Buntsford Ind Pk Solihull Warwick Rd Brecon Free St Caernarfon North Rd Hadleigh London - Harrow - Hatch End High Wycombe Temple End Leighton Buzzard Lake St London Stratford Sidcup Westwood Lane Welwyn Garden City Black Fan Rd Warminster Weymouth St Oxted Station Yard Reigate Bell St Borehamwood Weybridge - Monument Hill Bathgate Erskine Bridgewater SC Gorleston Blackwell Road Connah's Quay Mansfield Woodhouse Elland Gloucester - Metz Way Watford - Ascot Road Littlehampton - Wick Helensburgh
Daily Record
05-08-2025
- Business
- Daily Record
Morrisons made 3,600 staff redundant after Scots stores affected
Morrisons has axed more than 3,600 jobs in the UK, despite reporting a £2.1billion profit. Morrisons has bounced back into profit for the first time since 2021, but axed more than 3,600 workers. The supermarket giant, which is based in Bradford, reported a pre-tax profit of £2.1bn for the year ending October 27, 2024 - its first since a 2021 private equity takeover - overturning losses of £919million the year before and £1.3billion the year before that, reports the Mirror. New accounts filed at Companies House reveal the retailer slashed its workforce from 104,819 to 101,144. That included thousands of roles across stores, manufacturing and distribution. Store staff were hit hardest, falling from 88,258 to 85,508. Manufacturing jobs dropped from 7,865 to 7,612, distribution from 5,783 to 5,424, and head office staff cut from 2,913 to 2,600. That follows over 8,800 job losses the year before. In Scotland, several Morrisons cafés and convenience stores were affected, with closures in towns and cities including Paisley, Bellshill, Dumbarton, East Kilbride, Glasgow, Largs, Troon, Wishaw, Helensburgh, and Erskine. Scottish stores affected Scots cafe's closed by Morrisons Paisley – Falside Road Bellshill – John Street Dumbarton – Glasgow Road East Kilbride – Lindsayfield and Stewartfield Glasgow – Newlands Largs – Irvine Road Troon – Academy Street Wishaw – Kirk Road Helensburgh Erskine – Bridgewater Shopping Centre Bathgate Scots stores shut Stewarton – Lainshaw Street Peebles – Old Town Despite the profit, the retailer's revenue actually dipped from £18.3bn to £17bn. However, like-for-like sales rose 3.9%, while total sales in Q2 of the current financial year climbed 4.2% to £3.9bn. Underlying EBITDA for the first half rose 7.2% to £344million. 17 Morrisons Daily convenience stores were shut across the UK earlier this year, including one in Stewarton, East Ayrshire, and another in Peebles, in the Borders. CEO Rami Baitiéh stated: "Against the backdrop of a challenging macro environment, with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds. "Throughout the first half, we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty." Earlier this year, the retailer also closed over 50 of its in-store cafés, putting another 365 jobs in jeopardy, many of them Scottish branches. Morrisons closures are part of a wider trend among UK supermarkets tightening their belts. Aldi said in February it would slash up to 350 roles at its HQ near Birmingham. Sainsbury's revealed it would cut 3,000 jobs and shut all in-store cafés. Tesco followed suit, axing 400 roles to 'simplify' operations.
Daily Mirror
05-08-2025
- Business
- Daily Mirror
Morrisons axed 3,600 staff after closing 17 stores
These cuts followed more than 8,800 job losses the previous year and the chain has also closed 52 cafes Morrisons has axed over 3,600 jobs as it bounced back into profit for the first time since its 2021 private equity takeover. The Bradford-based supermarket behemoth reported a pre-tax profit of £2.1bn for the year ending 27 October 2024, overturning losses of £919m the previous year and £1.3bn the year before, according to fresh accounts lodged at Companies House. However, Morrisons trimmed its workforce from 104,819 to 101,144 during this period. Numbers of store staff plummeted from 88,258 to 85,508, manufacturing roles dipped from 7,865 to 7,612, distribution staff dwindled from 5,783 to 5,424, and head office employees decreased from 2,913 to 2,600. These reductions f ollow more than 8,800 job cuts the previous year. The retailer's revenue slipped from £18.3bn to £17bn despite like-for-like sales climbing 3.9% and total sales expanding 4.2% to £3.9bn in the second quarter of its current financial year. Underlying EBITDA rose 7.2% in the first half to £344m. The latest job cut numbers come after Morrisons closed 17 of its stores across the UK earlier this year, with the final shop in Haxby, North Yorkshire, shutting its doors on May 14. CEO Rami Baitiéh stated: " Against the backdrop of a challenging macro environment, with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds. "Throughout the first half, we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty." Earlier this year, Morrisons also shuttered more than 50 cafés as part of cost-cutting measures, placing 365 additional jobs in jeopardy. However, the grocer isn't the only one trimming its workforce - back in February, Aldi confirmed intentions to axe up to 350 positions at its UK headquarters in Atherstone, near Birmingham. Both Tesco and Sainsbury's have also implemented redundancies following last October's Budget. In January, Sainsbury's revealed it would be slashing 3,000 jobs and shutting all in-store cafés, whilst Tesco eliminated 400 positions in an effort to "simplify" operations. Full list of Morrisons store closures All the stores closed are Morrisons Daily convenience stores, not full-scale supermarkets. Here are the ones which closed earlier this year. Bath, Moorland Road Exeter, 51 Sidwell Street Goring-By-Sea, Strand Para Gorleston, Lowestoft Road Great Barr, Queslett Road Haxby Village Peebles, 3-5 Old Town Poole, Waterloo Estate Romsey, The Cornmarket Selsdon, Featherbed Lane Shenfield, 214 Hutton Road Stewarton, Lainshaw Street Tonbridge Higham, Lane Est Whickham, Oakfield Road Woking, Westfield Road Wokingham, 40 Peach Street Worle Morrisons Café closures Here are all the Morrisons café branches which have shut. Bradford Thornbury Paisley Falside Rd London Queensbury Portsmouth Great Park Banchory North Deeside Rd Failsworth Poplar Street Blackburn Railway Road Leeds Swinnow Rd London Wood Green Kirkham Poulton St Lutterworth Bitteswell Rd Stirchley Leeds Horsforth London Erith Crowborough Bellshill John St Dumbarton Glasgow Rd East Kilbride Lindsayfield East Kilbride Stewartfield Glasgow Newlands Largs Irvine Rd Troon Academy St Wishaw Kirk Rd Newcastle UT Cowgate Northampton Kettering Road Bromsgrove Buntsford Ind Pk Solihull Warwick Rd Brecon Free St Caernarfon North Rd Hadleigh London - Harrow - Hatch End High Wycombe Temple End Leighton Buzzard Lake St London Stratford Sidcup Westwood Lane Welwyn Garden City Black Fan Rd Warminster Weymouth St Oxted Station Yard Reigate Bell St Borehamwood Weybridge - Monument Hill Bathgate Erskine Bridgewater SC Gorleston Blackwell Road Connah's Quay Mansfield Woodhouse Elland Gloucester - Metz Way Watford - Ascot Road Littlehampton - Wick Helensburgh
Daily Mirror
05-08-2025
- Business
- Daily Mirror
Morrisons made 3,600 staff redundant after closing 17 stores
These cuts followed more than 8,800 job losses the previous year and the chain has also closed 52 cafes Morrisons has axed over 3,600 jobs as it bounced back into profit for the first time since its 2021 private equity takeover. The Bradford-based supermarket behemoth reported a pre-tax profit of £2.1bn for the year ending 27 October 2024, overturning losses of £919m the previous year and £1.3bn the year before, according to fresh accounts lodged at Companies House. However, Morrisons trimmed its workforce from 104,819 to 101,144 during this period. Numbers of store staff plummeted from 88,258 to 85,508, manufacturing roles dipped from 7,865 to 7,612, distribution staff dwindled from 5,783 to 5,424, and head office employees decreased from 2,913 to 2,600. These reductions f ollow more than 8,800 job cuts the previous year. The retailer's revenue slipped from £18.3bn to £17bn despite like-for-like sales climbing 3.9% and total sales expanding 4.2% to £3.9bn in the second quarter of its current financial year. Underlying EBITDA rose 7.2% in the first half to £344m. The latest job cut numbers come after Morrisons closed 17 of its stores across the UK earlier this year, with the final shop in Haxby, North Yorkshire, shutting its doors on May 14. CEO Rami Baitiéh stated: " Against the backdrop of a challenging macro environment, with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds. "Throughout the first half, we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty." Earlier this year, Morrisons also shuttered more than 50 cafés as part of cost-cutting measures, placing 365 additional jobs in jeopardy. However, the grocer isn't the only one trimming its workforce - back in February, Aldi confirmed intentions to axe up to 350 positions at its UK headquarters in Atherstone, near Birmingham. Both Tesco and Sainsbury's have also implemented redundancies following last October's Budget. In January, Sainsbury's revealed it would be slashing 3,000 jobs and shutting all in-store cafés, whilst Tesco eliminated 400 positions in an effort to "simplify" operations. Full list of Morrisons store closures All the stores closed are Morrisons Daily convenience stores, not full-scale supermarkets. Here are the ones which closed earlier this year. Bath, Moorland Road Exeter, 51 Sidwell Street Goring-By-Sea, Strand Para Gorleston, Lowestoft Road Great Barr, Queslett Road Haxby Village Peebles, 3-5 Old Town Poole, Waterloo Estate Romsey, The Cornmarket Selsdon, Featherbed Lane Shenfield, 214 Hutton Road Stewarton, Lainshaw Street Tonbridge Higham, Lane Est Whickham, Oakfield Road Woking, Westfield Road Wokingham, 40 Peach Street Worle Morrisons Café closures Here are all the Morrisons café branches which have shut. Bradford Thornbury Paisley Falside Rd London Queensbury Portsmouth Great Park Banchory North Deeside Rd Failsworth Poplar Street Blackburn Railway Road Leeds Swinnow Rd London Wood Green Kirkham Poulton St Lutterworth Bitteswell Rd Stirchley Leeds Horsforth London Erith Crowborough Bellshill John St Dumbarton Glasgow Rd East Kilbride Lindsayfield East Kilbride Stewartfield Glasgow Newlands Largs Irvine Rd Troon Academy St Wishaw Kirk Rd Newcastle UT Cowgate Northampton Kettering Road Bromsgrove Buntsford Ind Pk Solihull Warwick Rd Brecon Free St Caernarfon North Rd Hadleigh London - Harrow - Hatch End High Wycombe Temple End Leighton Buzzard Lake St London Stratford Sidcup Westwood Lane Welwyn Garden City Black Fan Rd Warminster Weymouth St Oxted Station Yard Reigate Bell St Borehamwood Weybridge - Monument Hill Bathgate Erskine Bridgewater SC Gorleston Blackwell Road Connah's Quay Mansfield Woodhouse Elland Gloucester - Metz Way Watford - Ascot Road Littlehampton - Wick Helensburgh
