Morrisons axes over 4,000 jobs across UK stores in ‘tough decision’
Morrisons has axed over 4,000 jobs across UK stores in a ‘tough decision’.
The supermarket cut the positions over the past year in an attempt to strengthen its financial position.
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Companies House files reveal that total debt levels grew further despite these changes.
In the year leading up to last October, the supermarket's staffing dropped from 101,144 people to 96,232, representing a drop of 4,912 workers.
These reductions included more than 4,200 shop-floor positions.
A Morrisons spokesperson said: “Colleague numbers in the year ending October 2025 primarily reflect the impact of the closure of the newspaper home delivery service in convenience, the restructuring of the retail people team and the downsizing of the Rathbones bakery business.
“There was no additional redundancy programme in stores, where numbers were only reduced by not replacing those who had chosen to leave.”
The major supermarket is in the process of a turnaround programme under boss Rami Baitieh after losing market shares to rivals.
Recently, discount stores Aldi and Lidl have overtaken Morrisons in their share of the grocery market.
The Morrisons group – owned by US private equity firm Clayton, Dubilier & Rice revealed that its reported net debt increased to £7.52 billion for the year, from £7.07 billion the year previous.
The company had a net debt of £3.2 billion excluding lease liabilities and preference shares.
It also dropped to a £629 million annual pre-tax loss, before exceptional items.
However it has been stressed that underlying earnings before interest, tax, depreciation and amortisation remained at £835 million for the year despite cost increases.
The spokesperson added: “In our 2025 full year we grew like-for-like sales every quarter, maintained Ebitda and our market share, and demonstrated our resilience in the face of some tough external headwinds, from the cyber incident, rising inflation and government cost increases, which we worked hard to offset.”