Published • loading... • Updated
Morrisons Cuts 4,912 Jobs as Turnaround Pressures Mount
The company said store, manufacturing and distribution roles were hit as revenue rose 2.8% and net debt climbed to £7.52 billion.
- Morrisons cut 4,912 jobs in the year ending October 2025, reducing its average monthly workforce from 101,144 to 96,232 employees; more than 4,200 store roles were lost alongside manufacturing and distribution positions.
- Financial filings reveal an annual pre-tax loss of £629 million before exceptional items, while net debt rose to £7.52 billion from £7.07 billion during the year ending October 2025.
- Morrisons, once part of the 'Big Four' supermarkets alongside Tesco, Sainsbury's and Asda, has dropped to sixth place in market share as German discounters Aldi and Lidl overtook the retailer in recent years.
- Chief executive Rami Baitieh is leading a major turnaround plan, which includes closing 100 Morrisons Daily stores while citing 'government policy choices' and an 'avalanche of costs' impacting operations.
- A spokesperson stated the grocer 'maintained EBITDA' and market share during 2025 despite 'tough external headwinds,' while the company remains owned by US private equity firm Clayton, Dubilier & Rice since 2021.
Insights by Ground AI
23 Articles
23 Articles
Morrisons Crisis Deepens as Almost 5,000 Jobs Disappear While Supermarket's Debt Soars to £7.5bn
Morrisons' workforce fell by nearly 5,000 jobs in the year to October 2025 as its debt burden climbed to £7.5 billion, newly filed accounts reveal, underlining the pressure on the Bradford-based supermarket as it tries to stem losses. The company's accounts, filed at Companies House, show that its average monthly workforce fell 5 per cent, from 101,144 to 96,232 employees, in the 12 months to October last year, a reduction of 4,912 jobs. More th…
·United Kingdom
Read Full ArticleCoverage Details
Total News Sources23
Leaning Left2Leaning Right3Center17Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
C 77%
14%
Factuality
To view factuality data please Upgrade to Premium
