The Co-operative Group is to make further redundancies in its food division.
The Co-operative Food’s property team have been told to expect a restructuring next month, The Independent reports.
The cuts are reportedly part of its Unity Programme to deliver more efficiencies across its group.
The new that the property team, which has 200 staff, is likely to be cut comes after it was revealed the retailer plans 300 redundancies at its head office last month.
The Co-operative Group revealed it is making 187 redundancies in its banking division last week.
The retailer is expected to reveal it has missed targets for the year when it reveals its results for the year to December 31 next Thursday.
But a Co-operative spokeswoman said: “The Co-operative Group has been transformed under the leadership of Peter Marks and next week we will announce our annual results, which will show the further progress we have made in spite of the tough consumer downturn.”
Like-for-like sales fell by 0.59% over the 11 weeks to march 17, an internal memo said.
No comments yet