Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Sainbury’s culls 3,500 jobs and closes Argos stores

Sainsbury's are set to shed jobs.
Sainsbury's are set to shed jobs.

Around 3,500 jobs are to go at retail giant Sainsbury’s as it looks to close its meat, fish and delicatessen counters.

In a blow to already beleaguered high streets, the firm is also set to close around 420 of its stand- alone Argos outlets.

The firm has a number of Argos stores across Tayside and Fife, including Dundee, Montrose, Arbroath and Kirkcaldy.

A spokesperson for the firm said plans to open 150 more Argos stores in Sainbury’s and add up to 200 more Argos collection points in supermarkets and convenience stores.

The move will see the closure of 420 Argos stores by March 2024, while 120 standalone stores which have not reopened since they were closed at the start of the pandemic, will remain permanently shut, leaving a remainder of around 100 stores.

Chief executive Simon Roberts said: “Argos sales have been strong over the past six months and we have gained almost two million new customers have connected with Argos.

“Over the next three years we will make Argos a simpler, more efficient and more profitable business.

“We are talking to colleagues today about where the changes we are announcing in Argos standalone stores and food counters impact their roles.

“We will work really hard to find alternative roles for as many of these colleagues as possible and expect to be able to offer alternative roles for the majority of impacted colleagues.

“Right here and now, I and all the team are focused on supporting and delivering for our customers in the days and weeks ahead.”

Shopworker’s trade union Usdaw said it will begin consultation with Sainsbury’s over the restructuring.

The news comes as Sainsbury’s revealed pre-tax losses of £137 million for the 28 weeks to September 19.

The firm said the loss reflected £438m of one-off costs associated with Argos store closures “and other strategic and market changes.”

Sainsbury’s said like-for-like sales increased by 6.9% while digital sales leapt by 117% to £5.8 billion.

The group said it is also expected to post underlying pre-tax profits for the current full year that are 5% higher than last year after “stronger-than-expected sales, particularly at Argos”.

Despite the job losses, the firm expects to create 6,000 jobs by the end of the financial year and highlighted it had retained 90% of staff where stand alone Argos outlets had moved into Sainsbury’s stores.

Sainsbury’s said it was refocussing on its core food business and planned to lower prices, grow online grocery sales and increase the rate of new convenience store and neighbourhood hub openings over the next three years.

Sainsbury’s said it would pay 7.3p dividend.