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Sainsbury’s cost cutting may threaten 1,000 jobs

More than 1,000 head office jobs could face the axe at Sainsbury’s, as the supermarket prepares to embark on a £500m cost-cutting operation.

Consultancy firm McKinsey is said to have been hired to reduce the number of staff in the business’s HQ. Sainsbury’s currently employs around 3,000 people outside of the stores. This move, reported in the Sunday Telegraph, would mark the latest in a series of cost-cutting measures for the retailer.

Sainsbury’s Tu clothing line has been consistently strong, and in the first quarter of the financial year outperformed the rest of the business, growing 7.2% for the 16 weeks to 1 July 2017.

A spokesman for Sainsbury’s said: “We do not comment on speculation and would always make any announcement around jobs to our colleagues first.”

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