Asda is poised to axe hundreds of head office jobs as the supermarket giant faces “permanent structural change” within the grocery industry.
According to Retail Week, the grocer, which cut 1,360 jobs under a radical shake-up of its management structure back in July 2014, admitted it had to “further change the way we do business” in the wake of a price war sparked by discounters Aldi and Lidl.
Asda has been the worst-performing member of the big four for a number of months, according to data from Kantar. In the 12 weeks to January 3, sales declined by 3.5% as its market share dipped to 16.2%.
The grocer’s like-for-like sales slumped 4.5% during its third quarter, but boss Andy Clarke insisted the Walmart-owned business had the “financial strength and clear plan” to recover, although he admitted that would be a “slow and costly process”.
The latest job cuts are expected to be in the hundreds, Sky News reported. But when contacted by Retail Week, an Asda spokeswoman refused to be drawn on how many roles would be lost, or what departments the axe would fall on.