Sobeys to cut 800 office jobs

Cornelia Mascio
Ноября 24, 2017

Sobeys cutting 800 jobs across Canada as part of the grocery store chain's efforts to cut costs and streamline its organization.

"The future success of Sobeys, and our continued service to over 900 communities across the country, depends on our steadfast commitment to transform our business", said Michael Medline, who is chief executive of Sobeys and its parent company, Empire Co. Ltd.

Similar to how the news broke with Loblaws, whispers of the job cuts began Thursday evening after an internal announcement to Sobeys staff was leaked. The company confirmed the reports Friday morning.

Analysts suggest that along with the upcoming increase to minimum wage, big companies like Sobeys and Loblaws are also dealing with competition from new brands and massive technological changes that are transforming the shopping experience entirely (think Amazon).

Empire has incurred huge losses related to its C$5.8 billion acquisition of Canada Safeway in 2013 as Sobeys expanded in Western Canada.

"This will allow us to be more efficient in many ways and to be more agile as we pursue new opportunities to compete and win the loyalty of Canadians". It was the first time in 18 months that Sobeys had reported higher year-over-year sales at stores open at least a year.

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