Aldi Cuts Hundreds of UK Head Office Roles as Part of Global Cost Trimming
The discount supermarket is consulting on technology and support roles as sales lag rivals and some administrative, procurement and finance work moves overseas.
- On Wednesday, Aldi announced plans to cut up to 150 roles within its technology division at its head office in Atherstone, Warwickshire, as part of efforts to reduce operational costs.
- Fresh Worldpanel by Numerator data shows sales rose just 0.4 per cent in the 12 weeks to November 1, with market share falling to 10.4 per cent, pressuring the retailer to cut costs.
- Previous restructuring efforts included about 103 finance and administration redundancies earlier this year, almost 20 buying director positions cut, and reported outsourcing of administrative roles to Europe and India.
- Insolvency practitioner Molly Monks of Parker Walsh said retailers "cannot simply keep absorbing rising costs indefinitely," requiring savings through management restructuring or support function staff reductions.
- Despite the current cost-trimming measures, Aldi maintains its long-term expansion goal of reaching 1,500 shops, focusing on communities where it identifies a lack of affordable options for shoppers.
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Aldi plans up to 150 head office job cuts in latest UK restructuring - London Business News
Aldi is planning to cut up to 150 jobs at its UK head office, extending a restructuring drive at the discount supermarket that has already swept through its finance, administration… The post Aldi plans up to 150 head office job cuts in latest UK restructuring appeared first on London Business News
Evening Standard
Aldi to cut head office roles in shake-up of UK business
It comes on top of about 103 redundancies made within the finance and administration teams earlier this year.
Aldi is cutting hundreds of central positions at its British subsidiary as part of a global cost-cutting program. The German-owned discount chain is seeking to cut costs by centralizing and outsourcing local work processes as it faces increasing competition and slowing growth in the United Kingdom, The Guardian reported.
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