Co-op Group to cut 400 jobs at Manchester head office
by Sarah Butler from on (#61PGP)
The group blamed rising inflation for job losses as it vows to protect shoppers from higher prices
The Co-op Group is cutting 400 jobs at its head office in Manchester and consulting on about 50 more job losses at its Nisa business, as the retailer said it faced tough trading conditions amid rising inflation.
The job cuts come after the Co-op, which employs more than 63,000 people including 4,000 at its head offices, warned in April of continuing problems with food supplies and inflation after its annual profits more than halved amid supply chain disruption and higher staff wages.
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