Canadian retailer Sobeys aims to create one big national organisation from regional units
Stellarton, Nov 25 (IBNS): Sobeys, the second largest food retailer in Canada, is aiming to create one big national organisation out of five regional retail units, media reports said.
As the retail company is trying to create one big national organisation, several employees will lose their jobs.
The company will be cutting around 800 jobs across the country from various regional units.
The news of the job-cut, which surfaced on late Thursday, has been confirmed by Sobeys on Friday.
Chief Executive of Sobeys, Michael Medline was quoted by CBC News: "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."
The company told CBC News that around 150 current employees will lose their jobs in Nova Scotia along with another 100 in Stellarton, the company headquarter.
Medline told media: "The first phase of our plan to transform our business, which has been focused on resetting the foundation of Sobeys and creating a new organization structure, is now substantially complete."
"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," the company Chief Executive added.
The report even stated that Sobeys was struggling with the problems that had come up with the company's new acquisition of Safeway Canada.
Sobeys is the second largest food retailer in Canada that operates approximately 260 supermarkets across the country. It also operates stores in 10 provinces of Canada.
(Reporting by Suman Das)
Image: facebook.com/Sobeys
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