Japan’s Ito-Yokado, the supermarket arm of Seven & I Holdings, is to further cut jobs at its Tokyo group headquarters and redeploy about 12% of its staff to retail outlets.
Go deeper with GlobalData
The head office workforce had already been reduced from around 1,000 to the current 820 by the end of February 2008 but the continuing downturn in consumer spending has forced further reductions.
“The harsh business conditions are the reason for these actions,” a spokesperson at Seven & I Holdings told just-food.
However, contrary to reports in local media, the company insists there will be no redundancies amongst staff.
“The staff from the head office won’t be laid off, but transferred to positions on the retail side,” said the spokesperson.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“There is no further restructuring planned but it’s not possible to say what may happen in the future,” the spokesperson added.
The re-organisation is set to take effect on 20 January.
