Morrisons sheds more than 8,800 jobs during another year of £1bn-plus losses
by Jasper Jolly and Sarah Butler from World news | The Guardian on (#6KA8Y)
Latest annual accounts show supermarket paying price for debts taken on during 2021 takeover
Morrisons has revealed it cut more than 8,800 jobs last year - almost 8% of the total workforce - while making a loss of more than 1bn, in part because of the rising cost of debts incurred during a private equity takeover in 2021.
The UK's fifth-largest supermarket chain had to pay finance costs of 735m up from 590m the year before, according to its latest annual accounts for the year to 29 October.
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