Morrison jobs at risk after introduction of new technology

Hundreds of jobs are said to be at risk at supermarket giant Morrison after it brought in new cash-handling technology at its stores.

Hundreds of jobs are said to be at risk at supermarket giant Morrison after it brought in new cash-handling technology at its stores.

The new initiative, which has been introduced to improve its competitiveness, has put almost 700 positions in jeapordy.

According to reports, the company has begun a consultation with its 689 cash office managers and supervisors to scrap these roles, with some staff expected to be offered alternative positions.

The chain was quoted as saying: "The introduction of new technology is an ongoing programme to ensure that Morrison continues to improve its competitiveness."

Back in March the group reported its first annual profit decline in six years.

In an effort to turn things around, it is currently in talks with Ocado Group to launch a online food store in 2014 and is also working to open more convenience stores.

Recent data from Kantar Worldpanel revealed that the group's share of the grocery market dropped to 11.7% in March, having been 12.3% a year earlier. None of the other "Big Four" saw a decline.

Recommended

Share tips of the week – 9 December
Share tips

Share tips of the week – 9 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
9 Dec 2022
The top funds to invest in now
Funds

The top funds to invest in now

As market volatility continues, here are the top funds, stocks and investment trusts investors are putting their money into, according to one investme…
2 Dec 2022
7 sin stocks to buy yielding up to 8%!
Share tips

7 sin stocks to buy yielding up to 8%!

Sin stocks don’t have the best reputation, but when it comes to investment returns, they’re certainly worth a closer look.
2 Dec 2022
Share tips of the week – 2 December
Share tips

Share tips of the week – 2 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
2 Dec 2022

Most Popular

Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022
Radiator vs electric heater – which is cheaper?
Personal finance

Radiator vs electric heater – which is cheaper?

We compare the costs, pros and cons of radiators and electric heaters and see which one will help keep your energy bill as low as possible.
28 Nov 2022
The pros and cons of smart meters – should you switch?
Personal finance

The pros and cons of smart meters – should you switch?

A smart meter can help you keep tabs on your energy usage, but is it better than a regular meter? We take a look at smart meters vs regular meters.
2 Dec 2022