Waitrose owner, the John Lewis Partnership, is planning to cut up to 11,000 jobs as it pushes ahead with its transformation.
The retail giant is looking to slash more than 10% of its 76,000 workforce over the next five years as it looks to cut cost base by £900m.
The Guardian reported that number of roles in the business is expected to gradually reduce over several years via redundancies and not replacing staff who leave.
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Although the redundancies will hit Waitrose’s sister John Lewis department store more heavily, the group’s head office staff are thought to be the most vulnerable.
It emerged last week that John Lewis Partnership was to halve the redundancy pay it offers, with staff that lose their jobs qualifying for just one week of pay per year of service, down from two.
Meanwhile, The Sunday Times reported that the partnership has raised about £260m to fund its turnaround by taking on new bank debt and by selling and leasing back 11 Waitrose stores.
