Sobeys Will Begin Cutting Hundreds Of Jobs Across Canada
Another one bites the dust.
Along withanother popular store in Canada will begin laying off its employees in order to "reorganize" its structure.
Announced early Friday morning, the grocery company stated that it will begin laying off 800 employees from its offices across Canada to create a single, national organization out of its five existing regional operations.
Similar to how the news broke with Loblaws, whispers of the job cuts began Thursday evening after an internal announcement to Sobeys staff was leaked. Sobeys' representatives then confirmed the news the next morning.
Stating that the job cuts come a time when the company needs to "transform [its] business", Sobeys' reps confirm that it will continue to service over 900 communities across Canada, but apparently with way less employees.
And seeing as Sobeys is Canada's second-largest grocery company (right after Loblaw Cos. Ltd.), the news is another major red flag to what will continue to happen to the future of Canadian businesses in the coming years.
Analysts suggest that along with the upcoming increase to minimum wage, big companies like Sobeys and Loblaws are also dealing with competition from new brands and massive technological changes that are transforming the shopping experience entirely (think Amazon).