UK retailer The Co-operative Group has confirmed it is continuing to review the back-end operations of its food business amid reports of further lay-offs.
According to a report in UK daily The Independent, the Co-op has told its 200-strong food property team to prepare for restructuring next month, with job losses expected.
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A spokesperson for the Co-op told just-food that it had yet to make any redundancies but confirmed its bid to improve efficiency at its food unit by revamping its back-end operations is “ongoing”.
“There have been redundancies as part of this initiative,” the spokesperson said. “We are continuing to restructure our food business to make it more efficient, profitable and consumer focused.”
The spokesperson added the group’s restructuring efforts have had a “definite” impact on profitability.
The Co-op will release its full-year results next week.
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