US EditionMorrisons Reduces Staff by 3,600 While Closing 17 Stores - Full List - Gloucestershire Live
UNITED KINGDOM, AUG 4 – Morrisons cut over 3,600 jobs and closed 17 convenience stores to reduce costs despite a £2.1 billion pre-tax profit for the year ending October 27, 2024.
- Morrisons has reduced its workforce by 3,600 jobs and closed 17 stores due to a decline in revenue and financial pressure, as reported by Gloucestershire Live.
- The company shifted its workforce numbers from 104,819 to 101,144 for the financial year ending October 27, 2024, according to financial filings.
- Morrisons achieved a pre-tax profit of £2.1 billion for the same financial year, reversing previous losses of £919 million in 2023 and £1.3 billion in 2022, said Companies House.
- Rami Baitiḥ emphasized that value remains at the forefront of customers' minds amid a challenging economic environment.
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Total News Sources12
Leaning Left3Leaning Right3Center1Last UpdatedBias Distribution43% Left, 43% Right
Bias Distribution
- 43% of the sources lean Left, 43% of the sources lean Right
43% Right
L 43%
14%
R 43%
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