Aldi to cut up to 350 jobs at UK headquarters

cityam
27 Feb
Aldi, photo by Marques Thomas

Discount grocer Aldi is set to cut up to 350 roles at its UK headquarters in Birmingham as cost pressures bite.

The changes will affect some buying department positions, including non-food, finance and some back-office functions, according to reports.

Aldi joins Tesco, Morrisons and Sainsbury’s in cutting jobs in the wake of October’s budget, with piled cost pressures on retailers with higher taxes on staff wages.

Earlier this month, a group of retailers including Tesco and M&S united to warn the Treasury that the retail sector faces a “perfect storm” of costs.

The Retail Jobs Alliance (RJA) said a higher national insurance bill, plus a new recycling tax and higher business rates, will see 300,000 jobs disappear by 2030.

Last month, Sainsbury’s announced that it would axe 3,000 jobs and close all in-store cafes, while Tesco cut 400 roles in an attempt to “simplify” the business.

Morrisons also launched a major round of job cuts, with plans to axe more than 200 roles from its retail people team.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10